ND money transmitter bonds.
$1,500 flat.

North Dakota licenses money transmission through the Department of Financial Institutions under NDCC Chapter 13-09.1, and NDCC 13-09.1-33 requires a licensee to maintain security consisting of a surety bond in a form satisfactory to the commissioner at all times. This is the $150,000 penal-sum form, and it is $1,500 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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Required for your ND money transmission license under NDCC 13-09.1-33

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Fixed price, fixed amount — $150,000 penal sum, $1,500 flat, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantissuance at checkout$1,500 flatsame price at checkout

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How it works

Three steps. One sitting.

The money transmission security is a checkout-priced filing on this form — no quote round-trip. Here is the entire process:

NOW · ONLINE

Apply online

Business details, years in business, an effective date, and a term. That is the entire application — the credit consent section authorizes a soft inquiry that never affects your score.

INSTANTLY

Pay & e-sign

This bond is checkout-priced at $1,500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

Upload to NMLS

Your executed bond arrives by email, ready to attach to your NMLS company record for the Department of Financial Institutions. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

North Dakota rewrote its money transmission law in 2023 — the old Chapter 13-09 was repealed and replaced by Chapter 13-09.1, the state's adoption of the Money Transmission Modernization Act, administered by the Department of Financial Institutions through NMLS. NDCC 13-09.1-33 requires an applicant to provide, and a licensee at all times to maintain, security consisting of a surety bond in a form satisfactory to the commissioner (or an approved deposit instead of a bond).

The statute sizes that security as the greater of $100,000 or 100% of the licensee's average daily money transmission liability in North Dakota for the most recently completed three-month period, up to a maximum of $500,000 — or a fixed $100,000 where the licensee's tangible net worth exceeds ten percent of total assets. This page issues the $150,000 form; confirm the figure on your NMLS licensing checklist before you buy.

It's a three-party arrangement: you (the principal), the surety carrier, and the commissioner (the obligee). The bond stands behind your obligations to the people whose money you transmit. It is not insurance for you — if the surety pays a claim, you repay the surety. Licenses are annual, so the security has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.

NDCC 13-09.1-33Section 13-09.1-33 of the North Dakota Century Code, titled 'Surety bond,' requires an applicant for a money transmission license to provide, and a licensee at all times to maintain, security consisting of a surety bond in a form satisfactory to the commissioner or, with the commissioner's approval, a deposit instead of a bond. The amount of the required security is the greater of one hundred thousand dollars or an amount equal to one hundred percent of the licensee's average daily money transmission liability in this state calculated for the most recently completed three-month period, up to a maximum of five hundred thousand dollars — or, where the licensee's tangible net worth exceeds ten percent of total assets, one hundred thousand dollars. Chapter 13-09 (Money Transmitters) was repealed by S.L. 2023, ch. 137, § 3 and replaced by Chapter 13-09.1. Confirm your required amount with the Department of Financial Institutions before you buy.

You need this bond if you're

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Applying for an ND money transmission license — new applicants filing through NMLS

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Transmitting money for North Dakota residents — including payment and remittance providers

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Renewing an annual license where the security must stay continuously in place

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Filing the $150,000 penal sum the Department of Financial Institutions named on your checklist

One application, issued instantly.

These are the actual issuing fields — business details, years in business, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the North Dakota money transmitter bond?The premium is $1,500 flat — set by our carrier's rate book for the $150,000 penal-sum form, the same for every applicant. There is no quote process, and the price you see is the checkout price.

Do I pay the $150,000?No. You pay $1,500. The $150,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

What if my required amount is not $150,000?NDCC 13-09.1-33 sizes the security as the greater of $100,000 or 100% of your average daily money transmission liability in North Dakota over the most recent three months, capped at $500,000. This page issues the $150,000 form — if the Department of Financial Institutions named a different figure on your NMLS checklist, tell us and we will issue that amount instead.

Is there a credit check?The application carries a credit consent section, and the inquiry it authorizes is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $1,500 flat either way.

Where do I file it?With the North Dakota Department of Financial Institutions, through your NMLS company record. We issue the executed bond by email, ready to upload with your money transmission license application or renewal.

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Money transmission security, issued today.

$1,500 flat for the $150,000 form, issued the moment you pay, soft pull only. Free until issued.

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ND money transmitter bonds.$1,500 flat.