VT money transmitter bonds.
1% of the bond amount, $100 minimum.
Vermont licenses money transmission under 8 V.S.A. Chapter 79, and § 2541 requires a licensee to maintain security consisting of a surety bond — the greater of $100,000 or 100% of your average daily money transmission liability in Vermont, capped by statute. 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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Three steps. One sitting.
The security filing is mechanical once DFR sets your amount. Here's the entire process:
Apply online
Business details, the security amount on your DFR checklist, an effective date, and a term. That is the entire application — and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount with a $100 minimum, so your exact price is on screen before you pay — and the executed bond and power of attorney generate the moment you do.
File through NMLS
Vermont takes money services filings electronically through NMLS. Your executed bond arrives by email and the electronic surety bond goes up for you to authorize on your NMLS Tasks tab.
What it is and who needs it.
What the bond actually guarantees
Vermont regulates money transmission — sending money, selling payment instruments or stored value, and the virtual-currency activity the state folds into it — under 8 V.S.A. Chapter 79, administered by the Department of Financial Regulation. A license is conditioned on posting security, and a surety bond in a form satisfactory to the Commissioner is the standard way to do it.
Section 2541 sets the amount as the greater of $100,000 or an amount equal to 100% of the licensee's average daily money transmission liability in Vermont, calculated for the most recently completed three-month period, up to the statutory maximum. A licensee already carrying the maximum does not have to run the average-daily calculation at all.
It is not insurance for you — a claimant against you or your authorized delegate can proceed directly against the bond, the Commissioner can bring an action on a claimant's behalf, and if the surety pays, you repay the surety. We track your 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, the security amount DFR set, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Vermont bonds.
Post your money services security today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.