Oklahoma money transmission bonds.
$5,000 flat.
This is the $500,000 security a licensee files with the Oklahoma State Banking Department when it does both money transmission and sale of checks. That combined figure is what the Department's own application calls for, rather than the delegate-count bond a transmitter alone posts. Ours is $5,000 flat.
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How much does an Oklahoma money transmission bond cost?
$5,000 at the $500,000 amount, the same for every applicant.
Three steps. One sitting.
Your license file needs audited financials, a delegate schedule and a net-worth showing. The bond is the part that does not wait on anyone:
Apply online
Your entity type, business details, years in business, and an effective date. No audited statements are attached to the bond application — those go to the Department, not to us.
Pay & e-sign
The price is final before you pay, and the executed bond and power of attorney generate on the spot. Any credit screen here is a soft pull that leaves your score untouched.
File with the Banking Department
The Department wants an original of the bond with your application or renewal, plus evidence the surety is authorized and in good standing in Oklahoma. Wet-ink original mailed on request.
What it is and who needs it.
What the money services bond guarantees
A money transmitter holds other people's money in the gap between "sent" and "received," and a seller of checks or money orders holds it in the gap between "sold" and "presented." Neither gap is insured by the FDIC. The bond is what stands in that gap: it runs to the Oklahoma State Banking Department and to the money transmission customers of the licensee and its authorized delegates, for the obligations incurred on their transactions.
The condition is specific. If the licensee and its delegates faithfully perform their duties under the Act and under their customer agreements, and faithfully account for and promptly pay over every sum due to whoever is entitled to it, the obligation is void — otherwise it stands. The bond continues for the entire term of the license and automatically renews with each license renewal unless the surety cancels; a surety may conditionally cancel only on at least 30 days' written notice to the Oklahoma Banking Commissioner, and is not discharged from liability that accrued before termination. Aggregate liability never exceeds the penal sum, however many claimants there are.
The bond is not the whole financial test. The Department also requires a minimum net worth that scales with your footprint — $275,000 at 1 to 50 locations, $500,000 at 51 to 300, $1,500,000 at 301 to 800, and $3,000,000 above 800 — demonstrated at application and at every renewal by a current audited financial statement no more than 12 months old. A licensee may post an irrevocable letter of credit or deposit acceptable securities with the Department instead of a bond; both tie up capital the bond does not.
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 $500,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
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 Banking Department. The Department wants an original of the bond with your application or renewal, plus evidence the surety is authorized and in good standing in Oklahoma. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $5,000 at the $500,000 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. The application carries a credit consent, and it authorizes a soft inquiry only.
Start the application →Common questions.
Other Oklahoma bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The bond is the fast part of the license file.
One short application, a soft pull at most, and an executed $500,000 bond ready for the Banking Department. Free until issued.