MS money transmitter bonds.
From $100. Enter your amount.
Mississippi licenses money transmitters through the Department of Banking and Consumer Finance under the Mississippi Money Transmitters Act, and the license application must be accompanied by a surety bond of $25,000 or the amount of your outstanding Mississippi money transmissions, whichever is greater — capped at $500,000. The premium is 1% of the bond amount, $100 minimum, it issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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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. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
Your exact premium — 1% of the bond amount, $100 minimum — 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
One application, issued instantly.
These are the actual issuing fields — business details, the bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Mississippi bonds.
File your money transmitter bond today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.