Idaho Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $10,000- $500,000 | $100- $5,000 | State Commissioner |
Businesses engaging in regulated money transmission in Idaho generally must obtain the applicable license unless an exemption applies. The Idaho Department of Finance administers and enforces the Idaho Money Transmitters Act.
Cost of the Idaho Money Transmitter Bond
The annual premium for an Idaho Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $10,000 to $500,000, estimated annual premiums range from approximately $100 to $5,000. Complete the quote form to begin the required bonding process.
How the Idaho Money Transmitter Bond Works
The Idaho Money Transmitter Bond runs to the State of Idaho for the benefit of claimants against the licensee. It secures faithful performance of covered obligations involving the receipt, handling, transmission, and payment of money in connection with licensed money transmission activities.
Principal: Idaho money transmitter applicant/licensee
Obligee: State of Idaho / Idaho Department of Finance
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Idaho Money Transmitter Bond
1. Determine the required security amount based on the number of Idaho locations and authorized representatives.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. Complete the required filing for the Idaho money transmitter license.
5. Maintain the required bond or approved security while licensed.
Learn more about Idaho surety bond options available through NNA Surety.
Get Your Idaho Money Transmitter Bond
For assistance with your Idaho Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.