What Is a Texas Money Transmitter Bond?
A Texas Money Transmitter Bond is a state‑required surety bond that protects consumers from financial loss caused by a money transmitter’s failure to follow Texas laws. This bond applies to businesses that:
- Transmit money or monetary value
- Issue or sell payment instruments
- Provide digital or electronic money transfer services
- Operate as a money services business (MSB)
The bond ensures compliance with the Texas Department of Banking.
Texas Money Transmitter Bond Cost
Texas sets the bond amount based on business volume, typically $300,000 to $2,000,000.
Your premium depends on:
- Bond amount
- Credit score
- Financial strength
- Business experience
Typical Pricing: Most qualified applicants pay 1%–5% of the bond amount annually.
Texas‑ready issuance — fast approvals and digital delivery for immediate filing with the state.
Who Needs a Texas Money Transmitter Bond?
Required for businesses that:
- Send or receive money
- Issue payment instruments
- Provide digital wallet or stored‑value services
- Operate online or app‑based money transfer platforms
Texas Money Transmitter Requirements
Texas requires:
- NMLS application
- Audited financial statements
- Background checks
- Net‑worth documentation
- Surety bond filing
- Compliance with Texas Department of Banking rules
Texas Money Transmitter License
To obtain your license, you must:
- Apply through NMLS
- Secure the required bond
- Submit audited financials
- Provide compliance documentation
- Pass background and credit checks
How the Money Transmitter Bond Process Works
1
Complete the Application
Submit the quick, 60‑second application.
Fast Texas approval — your bond is issued to meet all Texas Department of Banking MSB requirements.
2
Secure the Lowest Rate
We match you with the best rate available from A‑rated sureties.
3
Receive your bond
Same‑day issuance available for NMLS or state filing.
Why Choose Us for Your Money Transmitter Bond
- Lowest rates from A‑rated sureties
- Fast approvals
- Digital delivery for immediate filing
- Money transmitter bond specialists
- 100% state compliance guaranteed
Top Money Transmitter Bond 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.
