California Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $250,000- $700,000 | $2,500- $7,000 | NMLS |
Businesses engaging in regulated money transmission activities in California generally must be licensed unless an exemption applies. Required by the State of California, the money transmitter bond helps protect consumers and supports the licensee’s compliance with the California Money Transmission Act.
Cost of the California Money Transmitter Bond
The annual premium for a California Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $250,000 to $700,000, estimated annual premiums range from approximately $2,500 to $7,000. Contact NNA Surety for current pricing.
How the California Money Transmitter Bond Works
The California money transmitter bond provides financial protection by holding licensed money transmitters accountable for covered obligations arising from regulated money transmission activity.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: State of California
Surety: Bonding company
A claim against the bond may be filed for covered obligations or violations. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the California 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 California money transmitter license.
Learn more about your California surety bond options across the state.
Get Your California Money Transmitter Bond
Stay compliant with California 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.