New Jersey money transmitter bonds, corporation.
From $100.
Every application for a New Jersey money transmitter license must be accompanied by a surety bond or other security device in an amount the Commissioner prescribes: not less than $100,000 and not more than $1,000,000 under N.J.S.A. 17:15C-8. The premium is 1% of the bond amount, $100 minimum.
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How much does a New Jersey money transmitter bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the money transmitter security device — enter your amount, pay, and file it with your DOBI application. Here is the whole thing:
Apply online
Company details, the bond amount the Commissioner prescribed, and an effective date. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File it with DOBI
Your executed bond arrives by email, ready to accompany your money transmitter license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the security device covers
New Jersey licenses money transmission under the Money Transmitters Act, N.J.S.A. 17:15C-1 et seq. Each application must be accompanied by a surety bond, irrevocable letter of credit or similar security device acceptable to the Commissioner of Banking and Insurance, in an amount prescribed by regulation of not less than $100,000 and not more than $1,000,000. A licensee must possess the device at all times.
The device runs to the State for the benefit of any person injured by a wrongful act, default, fraud or misrepresentation of the licensee — including its directors, officers, authorized delegates and employees — and secures faithful performance of the licensee's obligations in receiving, handling, transmitting and paying money in connection with payment instruments and money transmission. The surety's aggregate liability never exceeds the principal sum of the bond.
Foreign money transmitters are scheduled separately: the amount is based on annual volume of business in New Jersey as reported in the most recent annual report, starting at $25,000 for volume up to $500,000 and stepping up from there. Cancellation requires 30 days' written notice to the Commissioner, so we track your 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 it with DOBI. Your executed bond arrives by email, ready to accompany your money transmitter license application or renewal. Wet-ink original mailed on request.
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 — company details, the bond amount, and an effective date.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
File your money transmitter bond today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.