Pennsylvania Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $500,000- $1,000,000 | $5,000- $10,000 | Department of Banking & Securities |
Businesses applying for a Pennsylvania money transmitter license must meet state licensing requirements before engaging in regulated money transmission activity. Required by the Commonswealth of Pennsylvania, the money transmitter bond helps ensure compliance with the Money Transmission Business Licensing Law and provides financial protection for covered obligations.
Cost of the Pennsylvania Money Transmitter Bond
How the Pennsylvania Money Transmitter Bond Works
The Pennsylvania money transmitter bond protects the Commonwealth and eligible claimants by holding licensed money transmitters financially accountable for complying with applicable state requirements and meeting covered obligations.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: Commonwealth of Pennsylvania
Surety: Bonding company
A claim against the bond may be filed for covered failures to carry out a transmittal instrument or other covered obligations. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Pennsylvania Money Transmitter Bond
Follow these simple steps to get bonded with NNA Surety:
1. Complete the bond application.
2. Pay the $10,000 bond premium.
3. Receive the bond form via email.
4. Download and file the bond as required for your Pennsylvania money transmitter license.
Learn more about your Pennsylvania surety bond options across the state.
Get Your Pennsylvania Money Transmitter Bond
Stay compliant with Pennsylvania licensing requirements by securing your money transmitter bond today. Call 855-457-2196 to get bonded with NNA Surety.
The annual premium for a Pennsylvania Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $500,000 to $1,000,000, estimated annual premiums range from approximately $5,000 to $10,000. Contact NNA Surety for a personalized quote based on your required bond amount and underwriting.