Washington Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $100,000- $550,000 | $1,500- $16,000 | NMLS |
Businesses that receive money or monetary value for transmission in Washington must hold a money transmitter license and meet the state's financial security requirements. Required by the State of Washington, the money transmitter bond protects claimants and supports compliance with Washington's money services laws.
Cost of the Washington 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 Money Transmitter Bond Works
The Washington money transmitter bond protects the state and consumers by holding licensed money transmitters financially accountable for complying with applicable money services requirements.
The bond involves three parties:
Principal: Money transmitter
Obligee: State of Washington
Surety: Bonding company
A claim against the bond may be filed for covered violations of Washington money services requirements. The principal is responsible for reimbursing the surety for valid claims paid under the bond.
How to Get the Washington 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 money transmitter license.
Learn more about your Washington surety bond options across the state. Confirm your required amount because the bond increases with transaction volume.
Secure Your Washington Money Transmitter Bond
Ready to meet Washington licensing requirements? Call 855-457-2196 to speak with NNA Surety about pricing and the next steps.