WI money transmitter bonds.
1% of the bond amount.

Wisconsin licenses money transmission under Wis. Stat. ch. 217, and the prudential standards in 217.10(2) require a licensee to maintain security in 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, $100 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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Required of a Wisconsin money transmission licensee under Wis. Stat. 217.10(2)

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Sized on average daily transmission liability — $100,000 floor, $500,000 cap

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1% of the bond amount, $100 minimum — exact price at the application

A-ratedA.M. Best carriersInstantissuance at checkout1% rate$100 minimum

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How it works

Three steps. One sitting.

Money transmission security bonds are a straightforward filing. Here's the entire process:

NOW · ONLINE

Apply online

Business details, your bond amount, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 1% of the bond amount with a $100 minimum, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

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.

About this bond

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.

Wis. Stat. § 217.10(2)Chapter 217 of the Wisconsin Statutes governs money transmission. Section 217.05(5)(e)3. conditions a license on the applicant having submitted a surety bond or other permitted form of security meeting the requirements of s. 217.10(2). The prudential standards in 217.10(2) require security in an amount that is the greater of $100,000 or an amount equal to 100 percent of the licensee’s average daily money transmission liability in this state calculated for the most recently completed three-month period, with the security obligation capped at $500,000 — once a licensee maintains that threshold it need not continue calculating average daily liability. Confirm your required amount with the division.

You need this bond if you're

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Applying for a Wisconsin money transmission license — the security files with the application

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Receiving money for transmission or selling payment instruments to Wisconsin customers

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Recalculating after a volume increase pushed your average daily liability above the current amount

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Renewing your license — the security must stay continuously in force

One application, issued instantly.

These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Wisconsin money transmitter bond?The premium is 1% of the bond amount with a $100 minimum. The $100,000 floor prices at $1,000 and the $500,000 cap at $5,000 — your exact price appears at the application, before you pay.

What bond amount do I need?Wis. Stat. 217.10(2) requires the greater of $100,000 or 100% of your average daily money transmission liability in Wisconsin over the most recently completed three-month period, capped at $500,000. Confirm the amount with the Division of Banking.

Does the amount change as we grow?Yes — it tracks average daily transmission liability quarter to quarter until you reach the $500,000 cap. Once you maintain security at the cap, you no longer have to run the average-daily calculation.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score.

Who requires the bond, and where do I file it?The Wisconsin Department of Financial Institutions — its Division of Banking administers money transmission licensing under Wis. Stat. ch. 217. The security is provided to the division with your license application or renewal.

Related bonds

Other Wisconsin bonds.

Post your money transmission security today.

1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

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Your premiumfrom $100

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