Not in Texas? Money transmitter bonds in other states
Texas money transmitter bonds.
From $1,000.
A money transmission licensee maintains this security with the Texas Department of Banking under Finance Code §152.352. The floor is $100,000, and it can rise with your average daily Texas transmission liability, capped at $500,000. The premium is 1% of the bond amount.
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Three steps. 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. One soft credit pull, never a hard inquiry, and it never affects your score.
Pay & e-sign
Your price is 1% of the bond amount, 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
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 bond runs to September 17 whatever day you buy; the premium covers the period to that date.
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 transmission 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.
One soft credit pull, never a hard inquiry, and it 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, years in business, the bond amount, and an effective date.
Start the application →Common questions.
Other Texas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Post your Texas money transmission security today.
1% of the bond amount, issued the moment you pay. Free until issued.