Indiana Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $300,000- $1,000,000 | $3,000- $10,000 | NMLS |
Businesses engaging in regulated money transmission in Indiana generally must obtain the applicable license unless an exemption applies. The required surety bond supports compliance with Indiana money transmission requirements and provides security for covered obligations.
Cost of the Indiana Money Transmitter Bond
The annual premium for an Indiana Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $300,000 to $1,000,000, estimated annual premiums range from approximately $3,000 to $10,000. Complete the quote form to begin the required bonding process.
How the Indiana Money Transmitter Bond Works
The Indiana Money Transmitter Bond provides financial security in connection with a licensee's obligations under Indiana money transmission law. The bond is maintained as part of the state's licensing framework.
Principal: Indiana money transmitter applicant/licensee
Obligee: State of Indiana / Indiana Department of Financial Institutions
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Indiana Money Transmitter Bond
1. Determine the bond amount required for the Indiana money transmitter license.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. Complete the required bond filing for the Indiana money transmission license.
5. Maintain the required bond coverage while licensed.
Learn more about Indiana surety bond options available through NNA Surety.
Get Your Indiana Money Transmitter Bond
For assistance with your Indiana Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.