Money Transmitter Bond
Satisfy Texas DOB Chapter 152 money transmission security
Texas money transmitters must maintain surety bond, letter of credit, or deposit security with the Department of Banking under Finance Code Chapter 152. Required security typically runs from $100,000 up to $500,000 based on tangible net worth and Texas average daily money transmission liability.
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A Texas money transmitter bond is the Chapter 152 security device that protects Texas claimants against money transmission defaults.
The surety bond guarantees that the principal will perform the duties required under Tex. Fin. Code § 152.352; Tex. Fin. Code ch. 152 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Texas obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Companies applying for or holding a Texas money transmission license through the Department of Banking need this security continuously in force (currency exchange has a separate, lower schedule).
Calculate the required amount under Tex. Fin. Code § 152.352, then file an electronic surety bond via NMLS or an original bond - deposit acceptable to DOB with the application.
Share your license type, court order, or obligee form and the exact penal sum required by Texas Department of Banking (DOB).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Texas Department of Banking - Banking Commissioner or for your Texas filing package.
The amount is $100,000 when tangible net worth exceeds 10% of total assets; otherwise the greater of $100,000 or 100% of average daily Texas money transmission liability (most recent three months), capped at $500,000, as set under Tex. Fin. Code § 152.352; Tex. Fin. Code ch. 152 and confirmed with Texas Department of Banking (DOB).
The obligee is typically Texas Department of Banking - Banking Commissioner. Always match the exact name on the Texas form.
Many Texas filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Texas license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond