Vermont money transmitter bonds.
From $1,000.
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.
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How much does a Vermont money transmitter bond cost?
1% of the bond amount, from $1,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
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 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, 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
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 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 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, the security amount DFR set, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Vermont bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Post your money services security today.
1% of the bond amount, issued the moment you pay. Free until issued.