NJ money transmitter bonds.
1% of the bond amount.

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. Foreign money transmitters run on a volume schedule starting at $25,000. The premium is 1% of the bond amount, $100 minimum. Any credit screen is a soft pull only — it never affects your score.

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Required with every NJ money transmitter license application under N.J.S.A. 17:15C-8

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$100,000 to $1,000,000 for money transmitters; foreign transmitters start at $25,000 on volume

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1% of the bond amount, $100 minimum — your exact price appears at the application

1% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

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How it works

Apply to filed in 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:

NOW · ONLINE

Apply online

Company details, the bond amount the Commissioner prescribed, and an effective date. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

N.J.S.A. 17:15C-8Section 8 of the New Jersey Money Transmitters Act requires each application for a money transmitter license to be accompanied by a surety bond, irrevocable letter of credit or similar security device acceptable to the commissioner in an amount prescribed by regulation of not less than $100,000 and not more than $1,000,000, in a form satisfactory to the commissioner and running 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. Applications to engage only in the business of a foreign money transmitter carry a security device amount based on annual volume of business in this State, beginning at $25,000 for volume up to and including $500,000. The aggregate liability of the surety shall not exceed the principal sum of the bond, and the device remains in effect until cancellation on 30 days' written notice to the commissioner.

You need this bond if you're

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Applying for an NJ money transmitter license as a corporation or LLC

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Licensed as a foreign money transmitter on the annual-volume security device schedule

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Renewing after an annual report moved you to a higher device amount

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Replacing a cancelled device before the 30-day notice period runs out

One application, issued instantly.

These are the actual issuing fields — company details, the bond amount, and an effective date.

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FAQ

Common questions.

How much is the New Jersey money transmitter bond?The premium is 1% of the bond amount, with a $100 minimum. On the $100,000 statutory floor that works out to $1,000. Your exact price appears at the application, before you pay.

What amount will the Commissioner require?N.J.S.A. 17:15C-8 sets the range at not less than $100,000 and not more than $1,000,000 for money transmitters, prescribed by the Commissioner. A licensee engaging only in foreign money transmission is scheduled on annual New Jersey volume, starting at $25,000 for volume up to $500,000.

Can I post something other than a bond?The statute allows a surety bond, an irrevocable letter of credit, or another similar security device acceptable to the Commissioner. Most licensees post the bond because it does not tie up a credit line.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount either way.

How is it cancelled?The security device remains in effect until cancellation, which may occur only after thirty days' written notice to the Commissioner — and cancellation does not affect liability already incurred. Replace it before the notice period expires.

Related bonds

Other New Jersey bonds.

File your money transmitter bond today.

1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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