Virginia money transmitter bonds.
From $1,000.
Virginia’s Money Transmission Modernization Act (Va. Code § 6.2-1951) requires every money transmission applicant and licensee to maintain a surety bond 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.
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How much does a Virginia 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 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. No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
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 The 2025 Money Transmission Modernization Act repealed the old Chapter 19 and replaced it with Chapter 19.1 effective July 1, 2026 — so the bond requirement that used to sit at § 6.2-1904 now lives at § 6.2-1951.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
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. Upload the executed bond to your NMLS company record for the Bureau of Financial Institutions. Wet-ink originals 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.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which 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 — company details, the security amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Virginia bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
File your money transmission security today.
1% of the bond amount — $1,000 at the $100,000 statutory minimum, issued the moment you pay. No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.