Ohio money transmitter bonds.
From $3,000.
Every Ohio money transmitter licensee must maintain a security device, such as a surety bond, running to the Superintendent of Financial Institutions under ORC 1315.07. The Superintendent sets the amount: not less than $300,000 and not more than $2,000,000. The premium is 1% of the bond amount.
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How much does an Ohio money transmitter bond cost?
1% of the bond amount, from $3,000 at the $300,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the money transmitter bond — enter your amount, pay, and file with the Division. Here is the whole thing:
Apply online
Business details, ownership, the security-device amount the Superintendent set, and an effective date. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount — your exact price appears before you pay, and the bond issues the moment you do.
File with the Division
Your executed bond arrives by email, ready to upload to NMLS or file with the Ohio Division of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the security device covers
Ohio regulates money transmission under ORC Chapter 1315. A licensee that receives money for transmission, sells Ohio instruments, or otherwise transmits money in the state must hold a license from the Superintendent of Financial Institutions, and ORC 1315.07 requires it to provide and maintain a security device as a condition of that license.
A surety bond is one of the permitted forms — the statute also allows pledges of cash or approved securities and other devices the Superintendent approves. Whatever form you use, it runs to the Superintendent for the benefit of any claimants against the licensee, in the amount the Superintendent finds appropriate: not less than $300,000 and not more than $2,000,000, except in connection with a supervisory action.
It is not insurance for you — if the surety pays a claim, you repay the surety. Confirm your required amount on your Division correspondence or your NMLS record before you apply; we issue on the amount you enter, and 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 Division. Your executed bond arrives by email, ready to upload to NMLS or file with the Ohio Division of Financial Institutions. 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, ownership, the amount the Superintendent set, and an effective date.
Start the application →Common questions.
Other Ohio bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Money transmitter bond, issued today.
1% of the bond amount, issued the moment you pay. Free until issued.