Mississippi money transmitter bonds.
From $250.
Mississippi licenses money transmitters through the Department of Banking and Consumer Finance, and the license application must include a surety bond of $25,000 or your outstanding Mississippi money transmissions, whichever is greater, capped at $500,000. The premium is 1% of the bond amount.
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How much does a Mississippi money transmitter bond cost?
1% of the bond amount, from $250 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Money transmitter bonds are filed through NMLS, and the surety half is the quick half. Here is the whole process:
Apply online
Business details, the bond amount your license record calls for, an effective date, and a term. No credit check up to $25,000.
Pay & e-sign
Your exact premium — 1% of the bond amount — appears before you pay, and the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File through NMLS
Upload the executed bond to your Mississippi money transmitter license record in NMLS. Wet-ink originals mailed on request when the Department asks for one.
What it is and who needs it.
What the bond actually guarantees
Mississippi regulates money transmission under the Mississippi Money Transmitters Act, administered by the Department of Banking and Consumer Finance. An applicant for a license must file a surety bond in the principal sum of $25,000, or an amount equal to its outstanding money transmissions in Mississippi, whichever is greater — and in no event more than $500,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond runs to the state for the use and benefit of the Department and of any claimant, securing the faithful performance of your obligations — and your agents' obligations — with respect to the receipt, handling, transmission, and payment of money.
It is not insurance for you — if the surety pays a claim, you repay the surety. The commissioner may increase the required penal sum on the basis of an impaired financial condition, so keep the bond amount matched to your license record; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Upload the executed bond to your Mississippi money transmitter license record in NMLS. Wet-ink originals mailed on request when the Department asks for one.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, the bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Mississippi bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
File your money transmitter bond today.
1% of the bond amount, issued the moment you pay. Free until issued.