MO money transmitter bonds.
From $100. Enter your amount.
Missouri licenses money transmitters and check sellers through the Division of Finance under the Money Transmission Modernization Act of 2024 (sections 361.900–361.1035 RSMo), which replaced the old Sale of Checks Law. Licensees maintain a surety bond starting at $100,000 and scaling with transmission volume. The premium is 0.6% of the bond amount, $100 minimum, and your exact price appears at the application. Any credit screen is a soft pull only — it never affects your score.
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No quote queue — enter your amount, pay, and file through NMLS. Here is the whole thing:
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Business details, the bond amount your license requires, and an effective date. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
Pricing is 0.6% of the bond amount with a $100 minimum, computed before you pay — the bond issues the moment you pay, with the executed bond and power of attorney generated on the spot.
File through NMLS
Missouri administers the money transmitter license through NMLS — file the bond with the Division of Finance to satisfy your security requirement. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Missouri modernized its money-transmission law in 2024: Senate Bill 1359 repealed the old Sale of Checks Law and enacted the Money Transmission Modernization Act, sections 361.900–361.1035 RSMo — the multistate model act, administered by the Division of Finance through NMLS. Propeller’s form still carries the legacy “Sale of Checks and Money Transmitter License” name; it is the same license.
Licensees maintain security in the form of a surety bond — $100,000 for a new applicant, scaling with your money-transmission liability up to $1,000,000 at renewal. The bond protects the people whose money you move: if a licensee fails to transmit funds, redeem its payment instruments, or comply with the Act, the state can recover on the bond for their benefit.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay in force continuously for the license; 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, your bond amount, and an effective date. That is the entire application.
Start the application →Common questions.
Other Missouri bonds.
Money transmitter bond, issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.