What Is a Money Transmitter Bond?
A money transmitter bond is a state‑required surety bond that guarantees money services businesses (MSBs) follow all financial regulations, protect consumer funds, and operate ethically.
This bond protects the public and the state from:
- Fraudulent money transfers
- Mishandling of customer funds
- Failure to follow state or federal MSB laws
- Unpaid fees, penalties, or assessments
If you’re applying for or renewing a money transmitter license, your state requires this bond before issuing the license.
Money Transmitter Bond Amount & Cost
Bond amounts vary widely by state and can range from $10,000 to $2,000,000+, depending on:
- Transaction volume
- Number of locations
- Business model
- State regulations
Your cost depends on:
- Bond amount
- Credit score
- Financial statements
- Business history
Most applicants qualify with competitive rates, even at higher bond amounts.
Who Needs a Money Transmitter Bond?
You may need a money transmitter bond if your business:
- Sends or receives money
- Sells or cashes money orders
- Provides wire transfers
- Operates as a digital wallet
- Facilitates cryptocurrency transactions (in some states)
- Offers prepaid access or stored‑value cards
- Provides bill payment services
Any business handling consumer funds or transmitting money may be required to file this bond.
Requirements & Eligibility
States typically require:
- NMLS registration
- State‑mandated bond amount
- Credit review
- Financial statements
- Background checks
- Annual renewal
Some states adjust bond amounts based on annual transaction volume.
How the process works in three easy steps
1
Complete the App
Complete the 60‑second application
2
Secure the low rates
We secure the lowest rate available
3
Receive your bond
You receive your same day bond issuance for NMLS or state filing
Why Choose Us?
Lowest rates from A‑rated sureties
Fast approvals
Digital delivery
- Money transmitter bond specialists
- 100% state compliance guaranteed
Top questions answered
Our most common questions answered efficiently.
Pricing depends on the bond amount, your credit, and your financials. Rates are competitive even for high‑value bonds.
Most applicants receive same‑day approval, even for large bond amounts.
It guarantees compliance with state and federal MSB laws and protects consumer funds.
Bonds are generally non‑refundable once issued.
Yes — most states require their own bond filed through NMLS.
