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Money Transmitter Surety Bond

Definition: A finance license bond that guarantees money transmitters will follow the rules of their state. This bond is required of remitters in each state to get a money transmitter license.

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FAQ

  • How much does a money transmitter bond cost?
  • The price is a portion of the bond amount. You can get a ballpark idea of pricing using our estimate tool. You will need to complete a money transmitter bond application for a firm quote instantly online.

  • How long is the application process?
  • Our application only takes minutes. Our website will provide you an instant quote and allow you to buy your bond directly on our website.

  • Will this bond insure me when transferring money?
  • No. Bonds are not insurance for you. They are protection for the owners of funds being transferred. You will need to contact an insurance company to insure you or your company.

  • What if a false claim is filed against me?
  • You must contact the surety company's claims department and provide proof that the claim is false. Watch our video to find out more about bond claims.

  • Can I get bonded in all 50 states?
  • Yes. We are licensed nationwide and due to our bulk underwriting programs, we can provide higher surety credit limits than most other bond agencies. This usually allows you to get bonded in all states.

  • Do I get the bond premium back?
  • No. The bond premium is a fee you pay for the surety credit extended to you. The premium fee is in place for the risk assumed by the bonding company. Cancelling your bond may result in a pro-rated returned premium, but never for the first year. Premiums paid for the first year are "fully earned".

  • How can I lower my rate?
  • Unlike most bonding agencies, we underwrite based off of personal credit alone. As you improve your credit, the lower your rate will fall. Although, rates will only be credit based for smaller bond amounts. Larger bonds require review of the owner(s) personal credit, business credit, experience and personal financials. All must be strong for a lower rate. For more details, watch our video and learn how to get the lowest rate.

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Money Transmitter Bond State Requirements

SELECT A BOND TYPE BELOW TO APPLY

Filter by state
BOND REQUIRED BY BOND FORM VERSION APPLICATION
BOND REQUIRED BY BOND FORM VERSION
Alabama Money Transmitter Bond Alabama Securities Commission Sale of Checks Act APPLY NOW
Alaska Uniform Money Services Act Bond Bond STATE OF ALASKA Form 08-4511 (Rev. 1/4/2013) APPLY NOW
Arizona Money Transmitter Application Bond State Of Arizona MT-APP-001 Revised 01/01/2008 APPLY NOW
California Money Order, Money Gram, Buypay Bond Bond PNB Remittance Center, Inc. APPLY NOW
Delaware SALE OF CHECKS AND TRANSMISSION OF MONEY SURETY Bond OFFICE OF THE STATE BANK COMMISSIONER Updated: 02/26/02 APPLY NOW
Delaware Casher of Checks, Drafts or Money Orders Surety Bond Office of the State Commissioner $5k APPLY NOW
Florida MONEY SERVICES BUSINESS SURETY BOND FORM Bond Financial Services Commission, Dept of Fin Serv Form OFR-560-06 1-13-09 APPLY NOW
Georgia Sale of Checks or Money Transmission Bond GA Department of banking and Finance APPLY NOW
Hawaii Money Transmitters License Bond Dept of Commerce and Consumer Affairs DFI MT Bond Form (12-06 Final).doc APPLY NOW
Idaho SURETY BOND FOR MONEY TRANSMITTERS Bond Department of Finance - Securities Bureau $50k APPLY NOW
Illinois Transmitters of Money Bond Department of Financial & Professional Regulaton APPLY NOW
Kentucky Deferred Deposit Service/Check Cashier Bond Department of Financial Institutions APPLY NOW
Louisiana SALE OF CHECKS/MONEY TRANSMISSION SURETY Bond Office of Financial Institutions Attachment [E] APPLY NOW
Maryland Global Express Money Orders Inc. Indemnity Bond Bond Gloabl Express Money Orders, INc. APPLY NOW
Massachusetts Money Transmitter Bond Bond MA Division of Banks TM-16-200-12-65-941812 APPLY NOW
Michigan Money Transmission Services Provider Bond Bond Office of Financial Services FIS 2060 (7/12) APPLY NOW
Minnesota Money Transmitter Bond STATE OF MINNESOTA DEPARTMENT OF COMMERCE CURRENCY MN/DOC MT APPL 6/2010. $25K APPLY NOW
Nevada Money Transmitter Bond Bond FINANCIAL INSTITUTIONS DIVISION 01/11 APPLY NOW
New Jersey Money Transmitter.Foreign Money Transmitter Bond NJ Commissioner of Banking APPLY NOW
New York Money Transmitter Bond Bond Department of Financial Services $500K, DFSMT Rev 10.03.2011 APPLY NOW
Oregon Money Transmitter Bond Department of Consumer & Business Services 440-3274 (12/99/COM) APPLY NOW
Pennsylvania BOND AND SURETY (MEMO) Bond Memo Money Order Company Inc Revised November 23, 2010 APPLY NOW
Pennsylvania Money Transmitter Bond Bond Merchants Express Money Order Company, Inc. Revised November 23, 2010 APPLY NOW
Texas Money Services Bond Bond Texas Banking Commissioner CORP-M02 [9/12] APPLY NOW
Utah Third-Party Payment Surety Bond Bond Utah Department of Financial Institutions $50K APPLY NOW
Virginia Money Order Sales and Money Transmission Bond Bond State Corporation Commission CCB-5509 (Rev. 10-01-10) APPLY NOW
Washington Operate Money Services Business Bond Department of Financial Institutions 4/11/2012 APPLY NOW
West Virginia Money Currency Exchange, Transmission & Transportation Bond Bond THE STATE OF WEST VIRGINIA APPLY NOW
Wisconsin Seller of Checks Bond Bond Department of Financial Institutions DFI/LFS/720 (R 5/05) APPLY NOW


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