Washington money transmitter bonds.
From $100.
Washington licenses money transmitters under the Uniform Money Services Act, and RCW 19.230.050 requires a surety bond running to the State, filed with the Department of Financial Institutions through NMLS. The statutory range runs from $10,000 to $550,000. The premium is 1% of the bond amount, $100 minimum.
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How much does a Washington money transmitter bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip on the money transmitter bond — enter your amount, pay, and upload to NMLS. Here is the whole thing:
Apply online
Company details, the bond amount DFI set, an effective date, and a term. No credit check up to $25,000.
Pay & e-sign
Your exact price appears before you pay — 1% of the bond amount, $100 minimum — and the executed bond and power of attorney generate the moment you pay.
File through NMLS
Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. Wet-ink original mailed on request.
What it is and who needs it.
What the money transmitter bond secures
Washington licenses money transmitters — and currency exchangers — under the Uniform Money Services Act, chapter 19.230 RCW, administered by the Department of Financial Institutions, Division of Consumer Services, with applications filed through NMLS. RCW 19.230.050 requires the licensee to provide security in the form of a surety bond.
The bond runs to the state of Washington as obligee and to the benefit of the state and of any person who suffers loss because the licensee — or one of its authorized delegates — violates the chapter. That is the practical reach of it: the money your customers hand over for transmission, and the conduct of the agents transmitting on your license.
The statute sets the range at a minimum of $10,000 and a ceiling of $550,000, which the director may raise as high as $1,000,000 based on the licensee's business activities, financial condition, and other criteria. 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 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. Your executed bond arrives by email, ready to upload to your NMLS record and satisfy the DFI Division of Consumer Services. 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.
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 bond amount, an effective date, and a term.
Start the application →Common questions.
Other Washington bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Post your money transmitter security today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.