What is a Money Transmitter Bond?
You need to obtain a surety bond to protect the public. If you do not follow the regulations of the state, a claim can be filed on your bond. For example, if you fail to transfer customer's funds as agreed to, a claim can be made. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
If you're unsure whether you need a bond, you can select your state from the list below to view the bond requirements.
If you need help with obtaining your license or determining the bond requirements, you can check out our money transmitter license guide.
Cryptocurrency Money Transmitter Bonds
The emergence of various cryptocurrencies has forced new surety bond requirements on money transmitters that want to operate in the crypto sector; this can become a headache since most surety bond providers do not handle crypto money transmitter bonds.
Our company offers exclusive crypto money transmitter bond programs, which will allow you to obtain these bonds in any state that requires them.
What will your bond cost?
Bond costs are a small percentage of the bond amount and vary by applicant, bond amount and bond type. You can get a general idea of costs using our instant cost estimate tool. If you're ready for a firm quote, you can apply and get an exact quote instantly online.
Why our rates are so low
When it comes to surety bond insurance, there is safety in numbers. As the largest volume surety bond writer in the country, we are able to obtain the lowest rates from the strongest bonding company partners.
Frequently Asked Questions
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Yes, it’s possible, but bad credit usually results in higher rates.
Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.