TN money transmitter bonds.
1% of the bond amount.

Tennessee licenses money transmitters under the Money Transmission Modernization Act, and T.C.A. 45-7-136 requires a surety bond maintained with the Commissioner of the Department of Financial Institutions. The amount is the greater of $50,000 or 100% of your average daily money transmission liability in Tennessee for the most recent completed quarter, capped at $800,000. The premium is 1% of the bond amount, $100 minimum, 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 to hold a TN money transmission license under T.C.A. 45-7-136

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Amount tracks your average daily transmission liability — $50,000 floor, $800,000 cap

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

1% rate$100 minimumExactprice at the applicationInstantissuance at checkout

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How it works

Apply to filed in one sitting.

No quote queue on a money transmission bond — enter your amount, pay, and file with TDFI. Here is the whole thing:

NOW · ONLINE

Apply online

Your business details, owner information, the bond amount your license requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

Pricing is 1% of the bond amount with a $100 minimum, so 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 with your NMLS money transmission filing at 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

Tennessee replaced its 1994 money transmitter statute with the Money Transmission Modernization Act at Title 45, Chapter 7. Licensing runs through the Department of Financial Institutions and NMLS, and T.C.A. 45-7-136 requires a licensee to provide and maintain a surety bond with the Commissioner.

The amount is the greater of $50,000 or an amount equal to 100% of the licensee’s average daily money transmission liability in Tennessee for the most recently completed calendar quarter, up to a maximum of $800,000. An applicant operating through additional locations or authorized delegates adds $10,000 per location, still subject to the $800,000 cap.

The bond runs to the State of Tennessee for the benefit of claimants against the licensee, securing faithful performance of your obligations in receiving, handling, transmitting, and paying money. It is not insurance for you — if the surety pays a claim, you repay the surety — and the bond must stay in place for three years after you cease money transmission in Tennessee.

T.C.A. § 45-7-136Section 45-7-136 of the Tennessee Money Transmission Modernization Act requires a licensee to provide and maintain a surety bond with the Commissioner of Financial Institutions running to the State of Tennessee for the benefit of any claimants against the licensee, securing faithful performance of the licensee’s obligations with respect to the receipt, handling, transmission, and payment of money. The required amount is the greater of $50,000 or 100% of the licensee’s average daily money transmission liability in Tennessee calculated for the most recently completed calendar quarter, up to a maximum of $800,000, with $10,000 added per additional location or authorized delegate up to the same cap. Evidence of renewal must reach the Commissioner not less than 30 days before the bond expires, and the bond must remain in place for three years after the licensee ceases money transmission operations in Tennessee.

You need this bond if you're

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Applying for a Tennessee money transmission license — new applicants filing through NMLS

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Renewing a money transmitter license and TDFI needs evidence 30 days before expiration

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Adding locations or authorized delegates that push your required amount up by $10,000 each

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Winding down Tennessee operations and holding the bond through the three-year tail

One application, issued instantly.

These are the actual issuing fields — business details, owner information, the bond amount your license requires, an effective date, and a term.

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FAQ

Common questions.

How much is the Tennessee money transmitter bond?The premium is 1% of the bond amount with a $100 minimum. At the $50,000 statutory floor that is $500; a $250,000 bond prices at $2,500 and the $800,000 cap at $8,000. Your exact price appears at the application, before you pay.

What bond amount do I need?Under T.C.A. 45-7-136 it is the greater of $50,000 or 100% of your average daily Tennessee money transmission liability for the most recently completed calendar quarter, capped at $800,000. Additional locations or authorized delegates add $10,000 each, up to the same cap.

How fast will I have the bond?Pricing is rate-based rather than negotiated, so the bond issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to upload to NMLS.

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.

Can I cancel it when I stop transmitting money?Not right away. T.C.A. 45-7-136 requires the bond to remain in place for three years after the licensee ceases money transmission operations in Tennessee. Evidence of renewal is also due to the Commissioner at least 30 days before the bond expires.

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Other Tennessee bonds.

Money transmission bond, issued today.

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

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