NY money transmitter bonds.
$5,000 flat.
New York licenses transmitters of money under Article 13-B of the Banking Law, and § 643 conditions the issuance and retention of that license on a corporate surety bond filed with the Superintendent of Financial Services — no less than $500,000 for New York instruments. Ours is $5,000 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
The § 643 bond is a filing, not an underwriting project. Here is the entire process:
Apply online
Company details, years in business, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $5,000 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Superintendent
Your executed bond arrives by email, ready to file with the Department of Financial Services for your money transmitter license. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
New York licenses transmitters of money under Article 13-B of the Banking Law, administered by the Department of Financial Services. Section 643 makes a corporate surety bond a condition of both the issuance and the retention of the license: the applicant files one or more bonds with the Superintendent, in a form satisfactory to the Superintendent, issued by a company authorized to do business in this state.
One bond runs in favor of the Superintendent, and its proceeds are a trust fund for the exclusive benefit of the purchasers and holders of the New York instruments you sell — protecting them against loss from your insolvency, bankruptcy, or other financial impairment. The principal amount is no less than $500,000 for New York instruments, and no less than $750,000 where traveler’s checks are involved.
It is not insurance for you — if the surety pays a claim, you repay the surety. The Superintendent may require the bond to be increased where that is necessary or desirable to protect purchasers and holders, and cancellation runs only on notice to the Superintendent, effective not less than ten days after receipt. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields — company details, years in business, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other New York bonds.
File your § 643 bond today.
$5,000 flat, issued the moment you pay, soft pull only. Free until issued.