North Carolina money transmitter bonds.
From $1,500.
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 — enter the amount your license calls for and your exact price appears before you pay.
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How much does a North Carolina money transmitter bond cost?
1% of the bond amount, from $1,500 at the $150,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. 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. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount, 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
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 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 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 — business details, your bond amount, an effective date, and a term.
Start the application →Common questions.
Other North Carolina bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Money transmitter bond, filed today.
1% of the bond amount, issued the moment you pay. Free until issued.