SC money transmitter bonds.
1% of the bond amount, $100 minimum.

The South Carolina Uniform Money Services Act makes a money transmission licensee maintain security for the benefit of the Commissioner — the Attorney General. Under S.C. Code Ann. § 35-11-215 that is the greater of $100,000 or 100% of your average daily money transmission liability in the State for the most recent three-month period, capped at $500,000. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

✓

Required of every SC money transmission licensee under S.C. Code 35-11-215

✓

Amount tracks your average daily transmission liability — $100,000 floor, $500,000 cap

✓

1% of the bond amount, $100 minimum — your exact price appears at the application

1% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

Trusted by industry leaders

How it works

Three steps. One sitting.

No underwriting queue on the standard money transmitter bond — enter your amount, pay, and file through NMLS. Here is the whole thing:

NOW · ONLINE

Apply online

Company details, the security amount your licence requires, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

Your price is 1% of the bond amount with a $100 minimum, shown before you pay — and the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Your executed bond arrives by email, ready to upload to your NMLS record and file with the Attorney General's Money Services Division. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

South Carolina licenses money transmitters under the South Carolina Uniform Money Services Act, S.C. Code Ann. § 35-11-100 et seq. The Act names the Attorney General as the Commissioner, and his Money Services Division runs licensing and examination for transmitters and currency exchange institutions.

Section 35-11-215 requires security in a form acceptable to the Commissioner — a surety bond, letter of credit, or similar security — maintained for his benefit. The amount is the greater of $100,000 or 100% of the licensee's average daily money transmission liability in this State for the most recently completed three-month period, up to a maximum of $500,000. A licensee whose tangible net worth exceeds ten percent of total assets may instead maintain a $100,000 surety bond.

It is not insurance for you — the security stands behind your obligations to the people whose money you move, and if the surety pays a claim you repay the surety. Because the amount is recalculated against a rolling three-month liability figure, expect the required security to move with your volume; we track the term and send renewal notices 60 and 30 days out.

S.C. Code Ann. § 35-11-215Section 35-11-215 of the South Carolina Uniform Money Services Act requires a money transmission licensee to provide and maintain security — a surety bond, letter of credit, or other similar security in a form acceptable to the Commissioner — for the Commissioner's benefit. Under subsection (B)(1) the amount 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. Subsection (B)(2) allows a licensee whose tangible net worth exceeds ten percent of total assets to maintain a surety bond of one hundred thousand dollars. Section 35-11-105(7) identifies the Commissioner as the Attorney General.

You need this bond if you're

✓

Applying for a South Carolina money transmission licence through NMLS

✓

Renewing an existing transmitter licence — the security must stay continuously in place

✓

Growing your South Carolina transmission volume past the $100,000 security floor

✓

Operating a currency exchange business the Money Services Division licenses under the same Act

One application, issued instantly.

These are the actual issuing fields — company details, the security amount your licence requires, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the South Carolina money transmitter bond?The premium is 1% of the bond amount, with a $100 minimum. The amount itself comes from § 35-11-215 — the greater of $100,000 or 100% of your average daily money transmission liability in South Carolina for the most recent three-month period, capped at $500,000. Your exact price appears at the application, before you pay.

How is my required security calculated?Take your average daily money transmission liability in South Carolina over the most recently completed three-month period. Your security is 100% of that figure, with a $100,000 floor and a $500,000 ceiling. A licensee whose tangible net worth is above ten percent of total assets may instead maintain a flat $100,000 bond.

Do I pay the full bond amount?No. You pay the premium — 1% of the bond amount, $100 minimum. The bond amount is the surety's maximum liability if a valid claim is made against the bond, not a deposit, and nobody holds your money.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount either way.

Who requires the bond, and where do I file it?The South Carolina Attorney General is the Commissioner under the Uniform Money Services Act, and his Money Services Division licenses money transmitters. The security is maintained for the Commissioner's benefit and filed with your licence record through NMLS.

Related bonds

Other South Carolina bonds.

File your transmitter security today.

1% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.

Start application

Your premiumfrom $100

Apply now →