Georgia Money Transmitter Bond
Bond Range and Estimated Premiums
| Bone Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $100,000- $500,000 | $1,000- $5,000 | NMLS |
Businesses engaging in regulated money transmission in Georgia generally must obtain a license from the Georgia Department of Banking and Finance unless an exemption applies. The surety bond is a continuing licensing requirement and helps secure compliance with applicable Georgia money transmission laws and regulations.
Cost of the Georgia Money Transmitter Bond
The annual premium for a Georgia Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $100,000 to $500,000, estimated annual premiums range from approximately $1,000 to $5,000. Complete the quote form to begin the required bonding process.
How the Georgia Money Transmitter Bond Works
The Georgia Money Transmitter Bond is a three-party agreement between the licensee, the surety company, and the Georgia Department of Banking and Finance. It supports compliance with the laws and regulations governing the license and may provide protection for qualifying consumers, creditors, or the Department for covered obligations.
Principal: Georgia money transmitter applicant/licensee
Obligee: Georgia Department of Banking and Finance / State of Georgia
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Georgia Money Transmitter Bond
1. Determine the bond amount required by the Georgia Department of Banking and Finance.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. Complete the Electronic Surety Bond process through NMLS.
5. Maintain the required bond coverage while licensed.
Learn more about Georgia surety bond options available through NNA Surety.
Get Your Georgia Money Transmitter Bond
For assistance with your Georgia Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.