Washington D.C. Money Transmitter Bond
Competitive Premium Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $50,000-$250,000 | 1 Year | 1.5-5% of Bond Amount |
Businesses that receive money for transmission in Washington, D.C., generally must hold a money transmitter license and meet the District's financial security requirements. Required by the District of Columbia, the money transmitter bond protects claimants and supports compliance with applicable money transmission laws.
Cost of the Washington D.C. Money Transmitter Bond
The annual premium for a Washington Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $100,000 to $550,000, estimated annual premiums range from approximately $1,500 to $16,000. Complete the quote form to begin the required bonding process.
How the Washington D.C. Money Transmitter Bond Works
The Washington, D.C., money transmitter bond protects claimants by holding licensees financially accountable for faithfully performing their money transmission obligations.
The bond involves three parties:
Principal: Money transmitter
Obligee: District of Columbia
Surety: Bonding company
A claim against the bond may be filed when a licensee fails to meet covered obligations under District law. The principal is responsible for reimbursing the surety for valid claims paid under the bond.
How to Get the Washington D.C. Money Transmitter Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the quoted bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Washington, D.C., money transmitter license.
Contact NNA Surety if you need help confirming the bond amount required for your number of locations.
Secure Your Washington D.C. Money Transmitter Bond
Ready to meet Washington, D.C., licensing requirements? Call 855-457-2196 to speak with NNA Surety about pricing and the next steps.