Maine Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $100,000- $500,000 | $1,000- $5,000 | NMLS |
Businesses engaging in regulated money transmission in Maine generally must obtain the applicable license unless an exemption applies. The required security supports compliance with Maine's money transmission requirements and provides financial protection for covered obligations.
Cost of the Maine Money Transmitter Bond
The annual premium for a Maine 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 Maine Money Transmitter Bond Works
The Maine Money Transmitter Bond provides security in connection with a licensee's covered obligations under Maine money transmission law. The required amount is based on the statutory security calculation, subject to the applicable minimum and maximum.
Principal: Maine money transmitter applicant/licensee
Obligee: State of Maine / Administrator
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Maine Money Transmitter Bond
1. Determine the required bond amount under Maine's applicable security calculation.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium. The supplied premium for $100,000 in coverage is $1,000 for one year.
4. Complete the required bond filing for the Maine money transmission license.
5. Maintain the required security while licensed.
Learn more about Maine surety bond options available through NNA Surety.
Get Your Maine Money Transmitter Bond
For assistance with your Maine Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.