Missouri money transmitter bonds.
From $600.
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). Licensees maintain a surety bond starting at $100,000 and scaling with transmission volume. The premium is 0.6% of the bond amount.
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How much does a Missouri money transmitter bond cost?
0.6% of the bond amount, from $600 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote queue — enter your amount, pay, and file through NMLS. Here is the whole thing:
Apply online
Business details, the bond amount your license requires, and an effective date. That is the application. No credit check up to $25,000.
Pay & e-sign
Pricing is 0.6% of the bond amount, 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Missouri modernized its money-transmission law in 2024: Senate Bill 1359 repealed the old Sale of Checks Law and enacted the Money Transmission Modernization Act, sections 361.900–361.1035 RSMo — the multistate model act, administered by the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. The carrier’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
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. 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 sets the price
The premium is 0.6% 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, your bond amount, and an effective date. That is the application.
Start the application →Common questions.
Other Missouri bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Money transmitter bond, issued today.
0.6% of the bond amount, issued the moment you pay. Free until issued.