Texas Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $300,000- $1,000,000 | $4,500- $30,000 | NMLS |
Businesses that engage in money transmission involving people or entities in Texas generally must hold a money transmission license unless an exemption applies. Required by the State of Texas, the money transmitter bond helps ensure licensed money transmitters comply with applicable state requirements and meet covered financial obligations.
Cost of the Texas Money Transmitter Bond
The annual premium for a Texas 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 Texas Money Transmitter Bond Works
The Texas money transmitter bond provides financial protection for covered liabilities arising from a licensed money transmitter’s business and helps support compliance with Texas money services requirements.
The bond involves three parties:
Principal: Licensed money transmitter
Obligee: State of Texas
Surety: Bonding company
A claim against the bond may be filed for covered liabilities or violations. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Texas 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 Texas money transmission license.
Learn more about your Texas surety bond options across the state.
Get Your Texas Money Transmitter Bond
Stay compliant with Texas 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.