Hawaii Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $10,000-$500,000 | $100- $5,000 | NMLS |
Businesses that receive money or monetary value for transmission in Hawaii generally must hold a money transmitter license and meet the State's financial security requirements. Required by the State of Hawaii, the Hawaii money transmitter bond helps protect claimants and supports compliance with the Hawaii Money Transmitters Act.
Cost of the Hawaii Money Transmitter Bond
The premium for the $100,000 Hawaii money transmitter bond varies based on underwriting. Contact NNA Surety for current pricing or call 855-457-2196 for assistance.
How the Hawaii Money Transmitter Bond Works
The Hawaii money transmitter bond secures the licensee's faithful performance of obligations involving the receipt, handling, transmission and payment of money or monetary value.
The bond involves three parties:
Principal: Money transmitter
Obligee: State of Hawaii
Surety: Bonding company
A claim against the bond may be filed when a licensee fails to meet covered obligations under Hawaii law. The principal is responsible for reimbursing the surety for valid claims paid under the bond.
How to Get the Hawaii Money Transmitter Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the quoted bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Hawaii money transmitter license.
Learn more about your Hawaii surety bond options across the state.
Secure Your Hawaii Money Transmitter Bond
Ready to meet Hawaii's licensing requirements? Call 855-457-2196 to speak with NNA Surety about pricing and the next steps.