VA money transmitter bonds.
1% of the bond amount — $1,000 at the $100,000 statutory minimum.
Virginia rebuilt money transmission licensing with the Money Transmission Modernization Act, effective July 1, 2026. Under Va. Code § 6.2-1951, an applicant must provide and a licensee must at all times maintain security — a surety bond satisfactory to the Commission, or an approved deposit in lieu of one — of at least $100,000, scaling with average daily money transmission liability up to $1 million. Our premium is 1% of the bond amount — $1,000 at the $100,000 statutory minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
The money transmission bond is priced off the security amount, not an underwriting file. Here is the whole thing:
Apply online
Company details, the security amount the Commission requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
Pricing is 1% of the bond amount ($1,000 at the $100,000 statutory minimum), so the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Upload the executed bond to your NMLS company record for the Bureau of Financial Institutions. Wet-ink originals mailed on request.
What it is and who needs it.
What the bond actually guarantees
Virginia licenses money transmitters and money order sellers through the State Corporation Commission's Bureau of Financial Institutions. The 2025 Money Transmission Modernization Act repealed the old Chapter 19 and replaced it with Chapter 19.1 effective July 1, 2026 — so the bond requirement that used to sit at § 6.2-1904 now lives at § 6.2-1951.
Under § 6.2-1951 an applicant must provide, and a licensee must at all times maintain, security consisting of a surety bond in a form satisfactory to the Commission — or, with the Commission's approval, a deposit in lieu of a bond. The amount is the greater of $100,000 or 100% of average daily money transmission liability in the Commonwealth for the most recent quarter, capped at $1 million; a licensee whose tangible net worth exceeds 10% of total assets may post $100,000.
The security covers liabilities arising from money transmission activity in Virginia and must stay in effect for a tail period after a licensee stops transmitting. It is not insurance for you — if the surety pays a claim, 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 — company details, the security amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Virginia bonds.
File your money transmission security today.
1% of the bond amount — $1,000 at the $100,000 statutory minimum, issued the moment you pay. Soft pull only.