Tennessee Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $500,000- $1,000,000 | $7,500- $30,000 | State Commissioner |
Businesses engaging in money transmission in Tennessee generally must be licensed unless an exemption applies. Required by the State of Tennessee, the money transmitter bond secures the faithful performance of the licensee's obligations involving the receipt, handling, transmission and payment of money.
Cost of the Tennessee Money Transmitter Bond
The annual premium for a Tennessee money transmitter bond was not provided and may vary based on the required bond amount and underwriting. Contact NNA Surety for current pricing.
How the Tennessee Money Transmitter Bond Works
The Tennessee money transmitter bond protects eligible claimants by guaranteeing the licensee will faithfully perform covered obligations related to money transmission.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: State of Tennessee
Surety: Bonding company
A claim against the bond may be filed for covered obligations involving the licensee or its authorized delegates. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Tennessee 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. Download and file the bond as required for your Tennessee money transmission license.
Learn more about your Tennessee surety bond options across the state.
Get Your Tennessee Money Transmitter Bond
Stay compliant with Tennessee 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.