Arizona Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $25,000- $500,000 | $250- $5,000 | NMLS |
Companies that sell or issue payment instruments, receive money for transmission, exchange payment instruments, or receive money for obligors to pay bills, invoices or accounts in Arizona generally must hold a money transmitter license unless exempt. Required by the State of Arizona, the money transmitter bond helps ensure compliance with state requirements and provides financial protection for people harmed by covered wrongful acts, defaults, fraud or misrepresentation.
Cost of the Arizona Money Transmitter Bond
The annual premium for an Arizona Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $25,000 to $500,000, estimated annual premiums range from approximately $250 to $5,000. Contact NNA Surety for current pricing.
How the Arizona Money Transmitter Bond Works
The Arizona money transmitter bond protects the public by holding licensed money transmitters financially accountable for covered wrongful acts, defaults, fraud or misrepresentation arising from regulated transactions.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: State of Arizona
Surety: Bonding company
A claim against the bond may be filed when a covered wrongful act, default, fraud or misrepresentation causes financial harm. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Arizona Money Transmitter Bond
Follow these simple steps to get bonded with NNA Surety:
1. Complete the bond application.
2. Pay the applicable bond premium.
3. Receive the bond form via email.
4. Download and file the bond as required for your Arizona money transmitter license.
Learn more about your Arizona surety bond options across the state.
Get Your Arizona Money Transmitter Bond
Stay compliant with Arizona licensing requirements by securing the required money transmitter bond. Call 855-457-2196 to speak with NNA Surety about the required bond amount and current premium.