TX money services bonds.
1% rate. $100 minimum.

The security a licensed money services business maintains with the Texas Department of Banking under the Money Services Modernization Act, Finance Code Chapter 152. The Department sets the amount from your license type and Texas volume — a currency exchange licensee starts at $2,500 under §152.353, a money transmission licensee at $100,000 under §152.352. The premium is 1% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay.

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Required to hold a Texas money services license under Finance Code Chapter 152

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Amount set by license type and Texas volume — currency exchange from $2,500, money transmission from $100,000

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1% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay

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

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How it works

Apply to filed in one sitting.

The Chapter 152 security posts against your Texas money services license record. Here is the entire process:

NOW · ONLINE

Apply online

Business details, your county, the security amount the Department set, and an effective date. That is the entire application, and 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, $100 minimum, so the bond issues the moment you pay — the executed bond and power of attorney generate on the spot.

SAME DAY

File with the Department of Banking

Submit the executed bond in the form the Banking Commissioner accepts, against your Texas money services license record. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the money services security covers

The Texas Department of Banking licenses money services businesses under the Money Services Modernization Act — Finance Code Chapter 152, which repealed and replaced Chapter 151 on September 1, 2023. Chapter 152 covers two license types, currency exchange and money transmission, and each carries a security requirement the licensee must maintain at all times.

For a currency exchange licensee, §152.353 sets $2,500 where the licensee does business only in person, at physical locations, with persons in this state; otherwise the greater of $2,500 or 1% of its total Texas currency exchange volume for the preceding year, capped at $1,000,000. For a money transmission licensee, §152.352 sets a $100,000 floor that rises with average daily Texas transmission liability to a $500,000 cap.

The security stands behind your obligations to Texas customers. It is a three-party arrangement — you (the principal), the surety carrier, and the Banking Commissioner (the obligee) — and it is not insurance for you: if the surety pays a claim, you repay the surety. Confirm your amount on your Department notice; we track the term and send renewal notices 60 and 30 days out.

Tex. Fin. Code ch. 152 (§§152.352–152.353)Chapter 152 of the Texas Finance Code — the Money Services Modernization Act, which repealed and replaced Chapter 151 effective September 1, 2023 — requires a licensed money services business to maintain security with the Texas Department of Banking. Section 152.353 requires a currency exchange licensee to maintain $2,500 where it conducts business only in person at physical locations with persons in this state, and otherwise the greater of $2,500 or one percent of its total dollar volume of Texas currency exchange business for the preceding year, up to $1,000,000. Section 152.352 requires a money transmission licensee to maintain $100,000, or, where tangible net worth is 10 percent or less of total assets, the greater of $100,000 or 100 percent of average daily Texas money transmission liability for the preceding three months, up to $500,000. Confirm your required amount on your Department of Banking or NMLS notice.

You need this bond if you're

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Applying for a Texas money services license — currency exchange or money transmission

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Renewing a Chapter 152 license and refreshing the security on file

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Operating currency exchange locations in Texas under a Department of Banking license

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Replacing an older Chapter 151 security with a filing that matches current Chapter 152 amounts

One application, issued instantly.

These are the actual issuing fields — business details, your county, the bond amount, and an effective date.

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FAQ

Common questions.

How much is the Texas money services bond?The premium is 1% of the bond amount, $100 minimum. A $2,500 security is the $100 minimum; a $25,000 security is $250; a $100,000 security is $1,000. Your exact price appears at the application, before you pay.

What security amount does the Department require?It depends on the license. A currency exchange licensee posts $2,500 if it does business only in person at Texas physical locations, otherwise the greater of $2,500 or 1% of prior-year Texas currency exchange volume, capped at $1,000,000. A money transmission licensee starts at $100,000 under §152.352.

Is this still Chapter 151?No. The Money Services Modernization Act repealed and replaced Finance Code Chapter 151 with Chapter 152, effective September 1, 2023. Security requirements now live in §§152.352 and 152.353.

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, $100 minimum, either way.

Who requires the bond, and where do I file it?The Texas Department of Banking. The security is maintained in the form the Banking Commissioner accepts, against your Chapter 152 money services license record.

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Post your Chapter 152 security today.

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

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