NC money transmitter bonds.
1% of the bond amount.
The surety bond every money transmitter licensed by the North Carolina Commissioner of Banks maintains under G.S. 53-208.47. It starts at $150,000 and steps up with North Carolina transmission volume to a $250,000 ceiling. The premium is 1% of the bond amount, $100 minimum — enter the amount your license calls for and your exact price appears before you pay. Any credit screen is a soft pull only, never a hard inquiry.
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Apply to filed in one sitting.
Your bond amount is already set by statute and your volume tier. Here is the whole process:
Apply online
Business details, the bond amount your license calls for, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount with a $100 minimum, priced at checkout — the bond issues the moment you pay, with the power of attorney attached.
File with the Commissioner of Banks
Upload the executed bond through NMLS to the North Carolina Commissioner of Banks. Wet-ink original mailed on request.
What it is and who needs it.
What the money transmitter bond covers
North Carolina licenses money transmitters through the Commissioner of Banks under Article 16B of Chapter 53 — the Money Transmitters Act. G.S. 53-208.47 requires an applicant and every licensee to maintain a surety bond that runs to the State for the benefit of any claimants against the licensee. That means your customers: people whose money you were holding or moving.
The base amount is $150,000 for North Carolina transmission volume of no more than $1 million. From there it steps: $175,000 above $1 million and under $5 million, $200,000 above $5 million and under $10 million, $225,000 above $10 million and under $50 million, and $250,000 above $50 million — the statutory ceiling.
The bond does not end when the license does. G.S. 53-208.47 keeps it in place for no less than five years after the licensee ceases money transmission operations in North Carolina, though the Commissioner may reduce or eliminate it sooner as outstanding obligations wind down. It is not insurance for you — if the surety pays, you repay the surety. We send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term.
Start the application →Common questions.
Other North Carolina bonds.
Money transmitter bond, filed today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.