Money transmitter bonds.
Every state we write.
Every state that licenses money transmission requires a surety bond before it will issue or renew the licence. It protects consumers whose funds are in transit if the licensee fails. Payment processors, remitters, crypto businesses and prepaid-access providers all fall in scope. Pick your state below for its exact requirement and price.
Alabama Money Transmitter Bond
The security the Alabama Securities Commission requires of licensed money transmitters under Ala. Code § 8-7A-7. 1% of the bond amount, $100 minimum.
View bond details & applyAlaska Money Transmitter Bond — NMLS
The surety bond an Alaska money transmission licensee posts under AS 06.55.104, sized to its locations. 1% of the bond amount, $100 minimum.
View bond details & applyArizona Money Transmitter Bond
The security a licensed Arizona money transmitter maintains under A.R.S. 6-1228 — $25,000 up to $500,000, sized to daily transmission liability. 1% of the bond amount, $100 minimum.
View bond details & applyArkansas Money Transmitter Bond
The Uniform Money Services Act bond Arkansas money transmitters file via NMLS under A.C.A. § 23-55-204 — $50,000 plus $10,000 per location, capped at $300,000. 1% of the bond amount, $100 minimum.
View bond details & applyColorado Money Transmitter Bond
The NMLS-filed bond Colorado money transmitters maintain under the Money Transmission Modernization Act. 1% of the bond amount, $100 minimum.
View bond details & applyDistrict of Columbia Money Transmitter Bond (NMLS)
The $50,000+ DISB bond every DC money transmitter files through NMLS under D.C. Code § 26-1007 — plus $10,000 per additional location, capped at $250,000. 1% of the bond amount, $100 minimum.
View bond details & applyGeorgia Money Transmitter Bond — NMLS
The bond a Georgia money transmitter files via NMLS under O.C.G.A. § 7-1-683.2 — $100,000 minimum, sized to your transmission volume. 1% of the bond amount, $100 minimum.
View bond details & applyIdaho Money Transmitter Bond
The security device the Idaho Money Transmitters Act requires with a Department of Finance license under Idaho Code 26-2908. 1% of the bond amount, $100 minimum.
View bond details & applyIllinois Money Transmitter Bond
The NMLS surety bond an Illinois money transmission licensee maintains under 205 ILCS 658/10-2. 1% of the bond amount, $100 minimum.
View bond details & applyKansas Money Transmitter Bond (NMLS)
The security a Kansas money transmission licensee maintains under K.S.A. 9-587 — from $200,000 up to $1,000,000 — filed through NMLS. 1% of the bond amount, $100 minimum.
View bond details & applyKentucky Money Transmitter Bond (NMLS)
The $500,000+ NMLS bond the Kentucky DFI requires for a money transmitter license under KRS 286.11-013. 1% of the bond amount, $100 minimum.
View bond details & applyMaine Money Transmitter Bond ($100,000)
The $100,000 license bond Maine money transmitters maintain under 32 M.R.S. §6100-S, the Money Transmission Modernization Act. $1,000 flat.
View bond details & applyMaryland Money Transmitter Bond
The $150,000-minimum bond a Maryland money transmitter maintains under Fin. Inst. § 12-412, filed through NMLS. 1% of the bond amount, $100 minimum.
View bond details & applyMichigan Money Transmitter Bond — NMLS
The $500,000–$1.5M bond behind a Michigan money transmission license under MCL 487.1013, filed through NMLS. 1% of the bond amount, $100 minimum.
View bond details & applyMinnesota Money Transmitter Bond
The NMLS security every licensed Minnesota money transmitter maintains under Minn. Stat. 53B.60, from $100,000 to $500,000. 1% of the bond amount, $100 minimum.
View bond details & applyMississippi Money Transmitter Bond
The Miss. Code § 75-15-11 bond a licensed money transmitter files with the Department of Banking and Consumer Finance. 1% of the bond amount, $100 minimum.
View bond details & applyMissouri Money Transmitter Bond (Sale of Checks — NMLS)
The NMLS bond for the Missouri sale-of-checks and money transmitter license under the Money Transmission Modernization Act. 0.6% of the bond amount, $100 minimum.
View bond details & applyNebraska Money Transmitter Bond
The Nebraska Department of Banking and Finance bond a money transmission licensee maintains under Neb. Rev. Stat. § 8-2731, starting at $100,000. 1% of the bond amount, $100 minimum.
View bond details & applyNevada Money Transmitter Bond
The NRS 671.100 bond a Nevada money transmission licensee keeps in force — $100,000 or 100% of average daily transmission liability, capped at $500,000. 1% of the bond amount, $100 minimum.
View bond details & applyNew Hampshire Money Transmitter Bond ($100,000)
The $100,000 minimum bond a New Hampshire money transmitter posts to the bank commissioner under RSA 399-G:27. $1,000 flat.
View bond details & applyNew Mexico Money Transmitter Bond
The $300,000-minimum security a New Mexico money transmission licensee files under NMSA 58-32-203. 1% of the bond amount, $100 minimum.
View bond details & applyNew York Money Transmitter Bond ($500,000)
The $500,000 bond in favor of the Superintendent that New York money transmitters file under Banking Law § 643. $5,000 flat.
View bond details & applyNorth Carolina Money Transmitter Bond (NMLS)
The Money Transmitters Act bond under G.S. 53-208.47 — $150,000 up to $250,000 by transmission volume. 1% of the bond amount, $100 minimum.
View bond details & applyNorth Dakota Money Transmitter Bond ($150,000)
The $150,000 penal-sum security a North Dakota money transmission licensee files with the Department of Financial Institutions through NMLS. $1,500 flat.
View bond details & applyOhio Money Transmitter Bond
The ORC 1315.07 security device an Ohio money transmitter keeps running to the Superintendent. 1% of the bond amount, $100 minimum.
View bond details & applyOregon Money Transmitter Bond
The ORS 717.225 security device a money transmitter posts — $25,000 plus $5,000 per location, capped at $150,000. From $100.
View bond details & applySouth Carolina Money Transmitter Bond (NMLS)
The $100,000–$500,000 security a South Carolina money transmission licensee maintains for the Attorney General under S.C. Code 35-11-215. 1% of the bond amount, $100 minimum.
View bond details & applySouth Dakota Money Transmitter Bond ($100,000)
The $100,000 security a South Dakota money transmission licensee maintains under SDCL 51A-17-100. $1,000 flat.
View bond details & applyTennessee Money Transmitter Bond
The Money Transmission Modernization Act bond a Tennessee licensee maintains with TDFI under T.C.A. 45-7-136 — $50,000 up to $800,000. 1% of the bond amount, $100 minimum.
View bond details & applyVermont Money Transmitter License Bond
The security a Vermont money transmission licensee maintains under 8 V.S.A. § 2541, starting at $100,000. 1% of the bond amount, $100 minimum.
View bond details & applyWisconsin Money Transmitter Bond
The $100,000-to-$500,000 security a Wisconsin money transmission licensee maintains under Wis. Stat. 217.10(2). 1% of the bond amount, $100 minimum.
View bond details & applyWyoming Money Transmitter Bond
The W.S. 40-22-106 security device a Wyoming money transmitter posts for the benefit of its customers. 1% of the bond amount, $100 minimum.
View bond details & applyMoney transmitter bonds, in plain terms
A licensing prerequisite that protects the customer’s money in transit.
Who needs one
Anyone licensed to transmit money or hold customer funds for transfer — remittance businesses, payment processors, prepaid-access issuers and, in a growing number of states, virtual-currency businesses.
What it protects
Consumers and the regulator. If a licensee fails or misuses funds held for transmission, the bond pays claims from customers whose money never reached its destination.
How the amount is set
By the state, and it varies more than almost any other line — some set a flat minimum, others scale with transmission volume or the number of locations, often with a statutory ceiling.
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Browse surety bonds by state.
- Federal surety bonds
- Alabama surety bonds
- Alaska surety bonds
- Arizona surety bonds
- Arkansas surety bonds
- Colorado surety bonds
- Connecticut surety bonds
- Delaware surety bonds
- District of Columbia surety bonds
- Georgia surety bonds
- Hawaii surety bonds
- Idaho surety bonds
- Illinois surety bonds
- Indiana surety bonds
- Iowa surety bonds
- Kansas surety bonds
- Kentucky surety bonds
- Louisiana surety bonds
- Maine surety bonds
- Maryland surety bonds
- Michigan surety bonds
- Minnesota surety bonds
- Mississippi surety bonds
- Missouri surety bonds
- Montana surety bonds
- Nebraska surety bonds
- Nevada surety bonds
- New Hampshire surety bonds
- New Jersey surety bonds
- New Mexico surety bonds
- New York surety bonds
- North Carolina surety bonds
- North Dakota surety bonds
- Ohio surety bonds
- Oklahoma surety bonds
- Oregon surety bonds
- Rhode Island surety bonds
- South Carolina surety bonds
- South Dakota surety bonds
- Tennessee surety bonds
- Utah surety bonds
- Vermont surety bonds
- Wisconsin surety bonds
- Wyoming surety bonds