WY money transmitter bonds.
From $100. Enter your amount.

Wyoming conditions a money transmitter license on a surety bond or other security device under W.S. 40-22-106 — $10,000 or 2½ times your outstanding payment instruments, whichever is greater, capped at $500,000. The bond runs to the state for the benefit of claimants against the licensee. The premium is 1% of the bond amount, $100 minimum, it issues the moment you pay, and any credit screen is a soft pull only, never a hard inquiry.

✓

Required for a Wyoming money transmitter license under W.S. 40-22-106(a)

✓

Amount is $10,000 or 2½× outstanding payment instruments — whichever is greater, up to $500,000

✓

1% of the bond amount, $100 minimum — exact price at the application, issued the moment you pay

1% rate$100 minimumInstantissuance at checkoutSoft pullnever a hard inquiry

Trusted by industry leaders

How it works

Apply to filed in one sitting.

No quote round-trip — enter your amount, pay, and file the executed bond with your license application. Here is the whole thing:

NOW · ONLINE

Apply online

Business details, the security device amount, an effective date, and a term. That is the entire application — 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, $100 minimum, priced at checkout — so the bond issues the moment you pay and your power of attorney generates on the spot.

SAME DAY

File with the Division of Banking

Submit the executed bond with your license application or through your NMLS record. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the money transmitter bond covers

Wyoming licenses money transmitters through the Division of Banking under the Wyoming Money Transmitter Act. W.S. 40-22-106(a) lets an applicant provide a surety bond, an irrevocable letter of credit, or another security device acceptable to the commissioner — either with the application or after conditional approval — and the security device must be in the amount of $10,000 or 2½ times the outstanding payment instruments, whichever is greater, not to exceed $500,000.

The device runs to the state for the benefit of any claimants against the licensee, securing faithful performance of the licensee's obligations in receiving, handling, transmitting, and paying money in connection with payment instruments and money transmission. Claimants can sue directly on it, or the commissioner can sue on their behalf. The surety's total liability never exceeds the principal sum of the bond.

The commissioner can increase the required amount up to the $500,000 cap where a licensee's financial condition is impaired. Cancellation only takes effect 30 days after written notice to the commissioner, and the device stays in place for up to five years after you cease money transmission in the state — it is not insurance for you, so if the surety pays a claim you repay the surety.

W.S. 40-22-106Section 40-22-106(a) of the Wyoming Money Transmitter Act requires a surety bond, irrevocable letter of credit or other similar security device acceptable to the commissioner, in the amount of ten thousand dollars ($10,000.00) or two and one-half (2½) times the outstanding payment instruments, whichever is greater, not to exceed five hundred thousand dollars ($500,000.00). The device runs to the state for the benefit of any claimants against the licensee, and the commissioner may increase the required amount up to that maximum based on the impaired financial condition of a licensee. Confirm your required amount with the Division of Banking before you buy.

You need this bond if you're

✓

Applying for a Wyoming money transmitter license — the security device is provided with the application or on approval

✓

Renewing your license — the amount tracks your outstanding payment instruments

✓

Growing past your current amount — 2½× outstanding payment instruments moves the requirement up to the $500,000 cap

✓

Replacing a letter of credit with a surety bond as your security device

One application, issued instantly.

These are the actual issuing fields — business details, the security device amount, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the Wyoming money transmitter bond?The premium is 1% of the bond amount, $100 minimum. Enter the security device amount your license requires and your exact price appears at the application, before you pay.

What bond amount do I need?Under W.S. 40-22-106(a) it is $10,000 or 2½ times your outstanding payment instruments, whichever is greater, capped at $500,000. The commissioner can require more within that cap if a licensee’s financial condition is impaired.

Can I post something other than a bond?Yes. The statute allows an irrevocable letter of credit or another security device the commissioner finds acceptable, and it also lets a licensee deposit cash or qualifying government securities in lieu of the device. Most licensees buy the surety bond because it does not tie up capital.

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. The rate stays 1% of the bond amount, $100 minimum.

How do I cancel it if I stop transmitting?Cancellation only takes effect 30 days after written notice to the commissioner, and liability incurred during that window survives. The device can be required to stay in place for up to five years after you cease money transmission in Wyoming, though the commissioner may permit it to be reduced or eliminated sooner.

Related bonds

Other Wyoming bonds.

Money transmitter bond, filed today.

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

Start application

Your premiumfrom $100

Apply now →