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Texas money services bonds.
From $100.
This is the security a licensed money services business maintains with the Texas Department of Banking under Finance Code Chapter 152. The Department sets the amount from your license type and Texas volume: currency exchange starts at $2,500, money transmission at $100,000. The premium is 1% of the bond amount, $100 minimum.
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Three steps. One sitting.
The Chapter 152 security posts against your Texas money services license record. Here is the entire process:
Apply online
Business details, your county, the security amount the Department set, and an effective date. No credit check up to $25,000.
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.
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.
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Banking licenses money services businesses under the Money Services Modernization Act — Finance Code Chapter 152, which repealed and replaced Chapter 151 on September 1, 2023.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.
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 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.
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, your county, the bond amount, and an effective date.
Start the application →Common questions.
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Price and requirements checked on the carrier’s application, . Page updated .
Post your Chapter 152 security today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.