Wisconsin money transmitter bonds.
From $1,000.
Wisconsin licenses money transmission, and Wis. Stat. 217.10(2) requires a licensee to maintain security of the greater of $100,000 or 100% of average daily money transmission liability in Wisconsin over the most recently completed three-month period, capped at $500,000. The premium is 1% of the bond amount.
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How much does a Wisconsin 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.
Money transmission security bonds are a straightforward filing. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the division
Your executed bond arrives by email, ready to provide to the division with your money transmission license record. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Wisconsin regulates money transmission — selling or issuing payment instruments, stored value, and receiving money for transmission — under Wis. Stat. ch. 217, administered by the Division of Banking at the Department of Financial Institutions. A license application must include the security the chapter requires.
The prudential standards at 217.10(2) set that security: the greater of $100,000 or an amount equal to 100% of the licensee's average daily money transmission liability in Wisconsin, calculated for the most recently completed three-month period. Once a licensee maintains $500,000 of security, the obligation is capped there and the average-daily calculation no longer has to be run.
It is not insurance for you — if the surety pays a claim, you repay the surety. Because the amount tracks your transmission volume, it can move between quarters; we track the term and send renewal notices 60 and 30 days out so you can right-size before the filing.
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 with the division. Your executed bond arrives by email, ready to provide to the division with your money transmission license record. 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 — business details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Wisconsin bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Post your money transmission security today.
1% of the bond amount, issued the moment you pay. Free until issued.