North Dakota money transmitter bonds.
$1,500 flat.
North Dakota licenses money transmission through the Department of Financial Institutions, 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. Ours is $1,500 flat.
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How much does a North Dakota money transmitter bond cost?
$1,500 at the $150,000 amount, the same for every applicant.
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:
Apply online
Business details, years in business, an effective date, and a term. That is the application — the credit consent section authorizes a soft inquiry that never affects your score.
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.
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.
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North Dakota rewrote its money transmission law in 2023 — the old Chapter 13-09 was repealed and replaced by Chapter 13-09.1, the state's adoption of the Money Transmission Modernization Act, administered by the Department of Financial Institutions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.
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 $150,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to September 17 whatever day you buy; the premium covers the period to that date.
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
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.
What sets the price
The premium is fixed at $1,500 at the $150,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it 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, years in business, an effective date, and a term.
Start the application →Common questions.
Other North Dakota bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Money transmission security, issued today.
$1,500 flat for the $150,000 form, issued the moment you pay, soft pull only. Free until issued.