Texas Money Transmitter Bonds
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What Is a Texas Money Transmitter Bond?
A Texas Money Transmitter Bond acts as a legally binding performance contract ensuring transmitters follow all regulations outlined in Chapter 151 of the Texas Finance Code.
Texas Money Transmitter Bond Cost
Minimum statutory bond amount
Who Needs a Texas Money Transmitter Bond?
Any business enterprise that receives money for transmission, sells payment instruments, or operates a money service application in Texas requires a bond.
Texas Money Transmitter Requirements
The Texas Department of Banking reviews business history, corporate net worth, and your active surety bond profile.
Texas Money Transmitter License
Securing your Texas bond involves auditing your rolling annual volume, completing credit checks, and issuing via NMLS.
How the Money Transmitter Bond Process Works
Calculate Gross Sales Volume
Audit your total Texas remittance totals to confirm your current required statutory bonding bracket.
Submit to Underwriting Portal
Provide recent financial statements to verify net worth requirements match the desired bond limit.
Authorize the NMLS Filing
Approve the electronic transfer of the completed bond document directly to Texas regulators via NMLS.
Why Choose Us for Your Money Transmitter Bond
Top Money Transmitter Bond Questions Answered
Our most common questions answered efficiently.
Why is the Texas baseline bond higher than other states?
Texas sets a firm $300,000 baseline under the Texas Finance Code to ensure all licensed operators have robust institutional capitalization.
What happens if my corporate credit is weak?
You can still obtain the bond, but underwriters may adjust the premium upward or require a review of audited corporate balance sheets.
Can I consolidate my Texas bond with other states?
While you can use one surety company for all states, you must file a distinct, separate bond for Texas's specific regulatory agency.
How long does a Texas money transmitter bond remain active?
The bond runs continuously alongside your license but must be renewed annually with your surety provider to avoid cancellation tags.
What is the penalty for operating without this bond in Texas?
Operating without a bond violates state financial laws, leading to immediate license suspension, administrative fines, and cease-and-desist orders.
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