Wyoming Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $10,000 - $500,000 | $150 - $15,000 | State Commissioner |
Businesses applying for or maintaining a Wyoming money transmitter license must provide an acceptable security device. For a surety bond, Wyoming requires $10,000 or 2.5 times outstanding payment instruments, whichever is greater, subject to a $500,000 maximum.
Cost of the Wyoming Money Transmitter Bond
The cost of a Wyoming money transmitter bond varies based on the required bond amount and underwriting. NNA Surety currently estimates premiums at approximately 1.5%-3% of the bond amount, corresponding to roughly $150-$15,000 across the statutory $10,000-$500,000 bond range. Complete the quote form to begin the required bonding process.
How the Wyoming Money Transmitter Bond Works
The Wyoming money transmitter bond provides financial protection for claimants by securing the licensee’s faithful performance of covered obligations involving the receipt, handling, transmission and payment of money.
The bond involves three parties:
Principal: Wyoming money transmitter licensee
Obligee: State of Wyoming
Surety: Bonding company
Claimants may bring suit directly on the security device, or the commissioner may bring suit on behalf of claimants. The principal is generally responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the Wyoming Money Transmitter Bond
Follow these general steps to secure the required bond:
1. Determine the required bond amount under Wyoming’s statutory formula.
2. Complete the surety’s application and underwriting requirements.
3. Pay the quoted premium and receive the executed bond.
4. Submit and maintain the bond as required by the Wyoming Division of Banking and NMLS.
Get Your Wyoming Money Transmitter Bond
Meet Wyoming’s money transmitter licensing requirement with the bond amount applicable to your outstanding Wyoming payment instruments. Contact NNA Surety for current underwriting and premium information.