Nevada 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 | State Commissioner |
Businesses engaging in regulated money transmission in Nevada generally must obtain the applicable license through the Nevada Financial Institutions Division unless an exemption applies. The money transmitter bond helps secure the faithful performance of the licensee's obligations involving money transmission and protects covered purchasers and holders.
Cost of the Nevada Money Transmitter Bond
The annual premium for a Nevada 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 Nevada Money Transmitter Bond Works
The Nevada money transmitter bond runs to the State of Nevada for the use and benefit of purchasers or holders of outstanding money transmission obligations and secures the licensee’s faithful performance of covered money transmission obligations.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: State of Nevada
Surety: Bonding company
A claim against the bond may be filed for covered obligations involving the licensee. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Nevada Money Transmitter Bond
Follow these simple steps to get bonded with NNA Surety:
1. Complete the bond application.
2. Pay the applicable bond premium.
3. Receive the bond form via email.
4. File the bond as required for your Nevada money transmitter license.
Learn more about your Nevada surety bond options across the state.
Get Your Nevada Money Transmitter Bond
Stay compliant with Nevada licensing requirements by securing the required money transmitter bond. Call 855-457-2196 to speak with NNA Surety about the required bond amount and current premium.