TX money transmitter bonds.
1% rate. $100 minimum.
The security a money transmission licensee maintains with the Texas Department of Banking under the Money Services Modernization Act, Finance Code §152.352. The floor is $100,000; a licensee whose tangible net worth is 10% or less of total assets posts the greater of $100,000 or its average daily Texas money transmission liability for the prior three months, capped at $500,000. The premium is 1% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay.
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Apply to filed in one sitting.
Texas money transmission licensing runs through NMLS, and the security posts against your license record. Here is the entire process:
Apply online
Business details, years in business, the security amount the Commissioner requires, and an effective date. Any credit screen is a soft pull that never shows as a hard inquiry.
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 transmission license record. Wet-ink original mailed on request.
What it is and who needs it.
What the money transmitter security covers
Texas licenses money transmission under the Money Services Modernization Act — Finance Code Chapter 152, which replaced the old Chapter 151 on September 1, 2023 — administered by the Texas Department of Banking. Section 152.352 requires a money transmission licensee to maintain security at all times, in a form satisfactory to the Banking Commissioner.
The amount keys off your balance sheet. A licensee whose tangible net worth exceeds 10% of total assets maintains $100,000. Otherwise the amount is the greater of $100,000 or 100% of its average daily money transmission liability in Texas for the preceding three months, up to a $500,000 maximum. With the commissioner's approval, a licensee may maintain a deposit in lieu of a bond.
The security stands behind your obligations to Texas customers whose money you hold or transmit. It is a three-party arrangement — you (the principal), the surety carrier, and the Commissioner (the obligee) — and it is not insurance for you: if the surety pays a claim, you repay the surety. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, years in business, the bond amount, and an effective date.
Start the application →Common questions.
Other Texas bonds.
Post your Texas money transmission security today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.