Wyoming money transmitter bonds.
From $100.
Wyoming conditions a money transmitter license on a surety bond or other security device under W.S. 40-22-106. The amount is $10,000 or 2½ times your outstanding payment instruments, whichever is greater, capped at $500,000. The premium is 1% of the bond amount, $100 minimum.
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How much does a Wyoming 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 — enter your amount, pay, and file the executed bond with your license application. Here is the whole thing:
Apply online
Business details, the security device amount, an effective date, and a term. That is the application. No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
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.
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.
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.
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 of Banking. Submit the executed bond with your license application or through your NMLS 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, the security device amount, an effective date, and a term.
Start the application →Common questions.
Other Wyoming bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Money transmitter bond, filed today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.