Money transmitter license fees are a state application fee plus NMLS processing, not one national price. Cited application fees in this file run from $100.00 (Idaho and Tennessee) to $10,000.00 (Texas), from the NMLS Phase One checklist (document date 4/7/2026) and the statute lines already in the fee file. FinCEN MSB registration is $0. NMLS company initial processing is $120.00 per agency / per license, cited to the Nationwide Multistate Licensing System (CSBS / SRR). 17 states have no cited application fee. Retrieved 13 October 2026.
Texas money transmission application fee, paid in NMLS, is $10,000.00 (Texas Department of Banking). California's new license filing fee is $5,000.00, and the annual licensee fee is $2,500.00. New York's original money transmitter license is $3,000.00. The BitLicense application is a separate $5,000.00. Surety bond premiums, registered-agent charges, and a 50-state total are not in this file.
Each line is a separate case.
33 states have a cited application fee, from $100.00 to $10,000.00. The Phase One checklist prints one application and license fee for participating states. This page does not split that line unless a second source states a separate license fee. California's annual licensee fee of $2,500.00 is that kind of second line.
Company initial processing is $120.00 per agency / per license when the filing uses NMLS. FinCEN Form 107 registration is $0. Registration is not a state license. 17 states have no cited application fee.
A surety bond and a net worth figure print only when a checklist states them. They are requirements, not an invoice added to the application fee. Cornerstone Licensing quotes the service charge, and our Cornerstone Licensing review covers what that service includes.
Phase One checklist: NMLS Multistate MSB Licensing Program Phase One Application Checklist, document date 4/7/2026. Phase Two index: NMLS MMLA Phase Two Requirements Checklists, document date 1/28/2025. Bond formulas are also on the surety bond lookup.
| State | Application fee | Surety bond | Net worth | Source |
|---|---|---|---|---|
| Alabama | Alabama State Banking Department NMLS License Requirements and Fees Chart | |||
| Alaska | Alaska Division of Banking and Securities NMLS License Requirements and Fees Chart | |||
| Arizona | Arizona Department of Insurance and Financial Institutions NMLS License Requirements and Fees Chart | |||
| Arkansas | Arkansas Securities Department NMLS License Requirements and Fees Chart | |||
| California | $5,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. The same $5,000 new license filing fee is in the LicenseStore fee file from California Financial Code section 2032. | The Phase Two checklist requires a surety bond after approval and does not print a dollar amount. It says to contact the DFPI portfolio manager. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 California Financial Code section 2032 California Financial Code section 2038 | |
| Colorado | Colorado Division of Banking NMLS License Requirements and Fees Chart | |||
| Connecticut | $1,975.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula By average weekly money transmissions in Connecticut for the twelve-month period ending 6/30: under $300,000, bond $300,000; $300,000 to $500,000, bond $500,000; over $500,000, bond $1,000,000. Virtual currency transmission: $1,000,000. | Formula By activity: checks, drafts, or money orders, at least $100,000; traveler's checks or electronic payment instruments, at least $1,000,000; money transmission other than stored value or payment instruments, at least $500,000; stored value, at least $1,000,000 or higher as set by the commissioner; virtual currency, at least $1,000,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Delaware | Delaware Office of the State Bank Commissioner NMLS License Requirements and Fees Chart | |||
| Florida | Florida Office of Financial Regulation NMLS License Requirements and Fees Chart | |||
| Georgia | $2,150.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $250,000.00 Money transmitter surety bond amount on the Phase Two checklist. Additional coverage may be required under O.C.G.A. section 7-1-683.2(b), to a maximum of $2,000,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 8/31/2026 | |
| Hawaii | Hawaii Division of Financial Institutions (DCCA) NMLS License Requirements and Fees Chart | |||
| Idaho | $100.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula $10,000 minimum, plus $5,000 per location (including authorized delegates), up to $500,000. | Formula $50,000 plus $25,000 for each authorized representative and licensee-owned location, up to $250,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Illinois | $200.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. The Phase Two checklist also invoices a $400 investigation fee after examination. That fee is not an assessment. | Formula $50,000 or 1% of all Illinois-based activity, whichever is greater, up to $2,000,000. Alternative: $1,000,000 plus a dollar-for-dollar increase in net worth above the required amount, up to $2,000,000. See 205 ILCS 657/30. | Formula By number of locations: 1, $35,000; 2 to 3, $50,000; 4 to 5, $100,000; 6 to 9, $150,000; 10 to 14, $200,000; 15 to 19, $300,000; 20 to 24, $400,000; 25 or more, $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Indiana | $1,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $300,000 min Minimum $300,000. Once licensed, the amount may need to increase. See I.C. 28-8-4.1-1002. | Formula The greater of $100,000, or 3% of the first $100 million of total assets, plus 2% of additional assets above $100 million up to $1 billion, plus 0.5% of additional assets above $1 billion. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 6/23/2026 |
| Iowa | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula $50,000 plus $10,000 per location. If there are no Iowa locations, the bond is $300,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Kansas | $1,750.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula The checklist says the bond must be in an amount greater than $200,000 or the licensee's Kansas transaction volume (most recent year-end) times 0.25%. | $250,000.00 Tangible net worth of at least $250,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Kentucky | $1,100.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $500,000 min At least $500,000, or other similar security. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Louisiana | $800.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $25,000 min Minimum $25,000 surety bond, or pledged securities of at least $25,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Maine | $500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $100,000.00 Original money transmitter surety bond. The principal name must match the applicant, including DBAs. | Formula $100,000 plus $50,000 for each additional location or authorized delegate, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Maryland | $3,100.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $150,000.00 Surety bond of $150,000, or permissible investments of at least $150,000 held by the Commissioner. | Formula $150,000 plus $10,000 for each additional location or authorized delegate, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Massachusetts | $1,300.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. This checklist is the foreign transmittal agency license. The Phase One checklist says Massachusetts regulates foreign transmissions, not domestic-only transactions. | $50,000.00 Electronic surety bond required for initial foreign transmittal agency licensure. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Michigan | $3,650.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. Plus $50 per location. | Formula $500,000 for the first location, plus $10,000 for each additional location and authorized delegate, up to $1,500,000. | Formula $100,000 plus $25,000 for each additional location or authorized delegate, up to $1,000,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Minnesota | $4,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $25,000 min At least $25,000. If there are more than 3 locations and authorized delegates, the checklist points to Minn. Stat. 53B.08 and does not print the higher dollar amounts. | Formula 1 to 3 locations, at least $25,000; 4 to 6 locations, at least $50,000; 7 or more locations, at least $100,000 plus $50,000 for each location in excess of 7, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Mississippi | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | The checklist says the bond amount is the amount specified in Miss. Code 75-15-11(b). It does not print a dollar figure. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Missouri | Missouri Division of Finance NMLS License Requirements and Fees Chart | |||
| Montana | Montana Division of Banking and Financial Institutions NMLS License Requirements and Fees Chart | |||
| Nebraska | $1,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $100,000 min Minimum $100,000, maximum $250,000. The Director may increase it. Prior Nebraska activity may require an increase under Neb. Rev. Stat. 8-2727. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Nevada | Nevada Financial Institutions Division NMLS License Requirements and Fees Chart | |||
| New Hampshire | New Hampshire Banking Department NMLS License Requirements and Fees Chart | |||
| New Jersey | New Jersey Department of Banking and Insurance NMLS License Requirements and Fees Chart | |||
| New Mexico | New Mexico Financial Institutions Division NMLS License Requirements and Fees Chart | |||
| New York | $3,000.00 NYDFS application fee schedule: money transmitter, original license, New York Banking Law section 641.3. Already in the LicenseStore fee file. Bond, net worth, and assessment are not in that file and New York is not on the NMLS Phase One fee list read for this tool. | New York Department of Financial Services application fees NMLS License Requirements and Fees Chart | ||
| North Carolina | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula By North Carolina annual volume: up to $1,000,000, bond $150,000; $1,000,001 to $5,000,000, bond $175,000; $5,000,001 to $10,000,000, bond $200,000; $10,000,001 to $50,000,000, bond $225,000; more than $50,000,000, bond $250,000. | $250,000.00 Net worth of $250,000 or more. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| North Dakota | $950.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula The greater of $100,000 or 100% of average daily money transmission liability in North Dakota for the most recently completed three-month period, up to $500,000. If tangible net worth exceeds 10% of total assets, the bond is $100,000. NDCC 13-09.1-33. | Formula The greater of $100,000 or 3% of total assets for the first $100 million, 2% of additional assets from $100 million to $1 billion, and 0.5% of additional assets over $1 billion. NDCC 13-09.1-32. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Ohio | $5,000.00 NMLS Phase Two checklist names an OH application fee of $5,000. The Phase One checklist prints the same $5,000 figure as the state application and license fee. | $300,000.00 Surety bond of $300,000. The principal name must match the applicant, including fictitious names. | $500,000.00 Net worth of at least $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Oklahoma | Oklahoma Banking Department NMLS License Requirements and Fees Chart | |||
| Oregon | $1,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula $25,000 for the first location, plus $5,000 for each additional Oregon branch or agent location, up to $150,000. | Formula $100,000 plus $25,000 for each additional location in Oregon, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Pennsylvania | $5,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $1,000,000.00 Surety bond of $1,000,000. The checklist cites Act 129 section 6(a)(3) and 11.1(6). | $500,000.00 Minimum tangible net worth of $500,000. The checklist cites Act 129 section 4(a)(1), 6(a)(2), 10(a)(1,3), and 11.1(6). | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Rhode Island | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $50,000.00 Electronic surety bond of $50,000. | Formula Financial statements must reflect a positive net worth at all times. The checklist does not print a higher dollar floor. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| South Carolina | $2,250.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula $50,000 plus $10,000 for each location. The additional amount is not to exceed $250,000. | $250,000.00 Tangible net worth of $250,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| South Dakota | $1,600.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula The greater of $100,000 or 100% of average daily money transmission liability in South Dakota for the most recently completed quarter, up to $500,000. If tangible net worth exceeds 10% of total assets, the bond is $100,000. | Formula Up to $100 million of assets: the greater of $100,000 or 3% of assets. Between $100 million and $1 billion: $3,000,000 plus 2% of assets in that band. Above $1 billion: $21,000,000 plus 0.5% of assets greater than $1 billion. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Tennessee | $100.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. Plus $250 for 1 to 4 agents, or $500 for 5 or more agents. | The checklist requires a surety bond or letter of credit under TCA section 45-7-208 and rule 0180-26-.01. It does not print a dollar amount. | Formula At least $100,000, plus $25,000 per additional location or agent location in Tennessee if transmitting money, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Texas | $10,000.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. Plus an investigation fee if necessary. The checklist does not print that investigation dollar amount. The $10,000 application fee is also in the LicenseStore fee file from the Texas Department of Banking. | Formula If tangible net worth is not greater than 10% of total assets: the greater of $100,000 or 100% of average daily money transmission liability in Texas for the most recently completed three-month period, up to $500,000. If tangible net worth is greater than 10% of total assets: $100,000. Finance Code section 152, as printed on the Phase Two checklist. | Formula Tangible net worth under Finance Code section 152.351, as printed on the Phase Two checklist: assets not greater than $100 million, the greater of $100,000 or 3% of total assets; assets greater than $100 million and not greater than $1 billion, $3 million plus 2% of assets above $100 million; assets greater than $1 billion, $21 million plus 0.5% of assets above $1 billion. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 11/01/2024 Texas Department of Banking Notice to Applicants |
| Utah | $300.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $50,000.00 Electronic surety bond of $50,000. | $1,000,000.00 Net worth of at least $1,000,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Vermont | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula $100,000 plus $10,000 for each registered location and authorized delegate location, up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 | |
| Virginia | Virginia Bureau of Financial Institutions (SCC) NMLS License Requirements and Fees Chart | |||
| Washington | $1,100.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. The Phase Two checklist adds $100 for each additional location, up to $5,000. | Formula $10,000 for every $1 million of Washington money transmission and payment instrument dollar volume, maximum $550,000. | Formula $10,000 for every $1,000,000 of company-wide money transmission and payment instrument volume over the previous twelve months. Minimum $10,000. Maximum $3,000,000. If the company stores virtual currency for others, the minimum tangible net worth is $100,000. See WAC 208-690-060. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| West Virginia | West Virginia Division of Financial Institutions NMLS License Requirements and Fees Chart | |||
| Wisconsin | $800.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | Formula The greater of $100,000 or 100% of average daily money transmission liability in Wisconsin for the most recently completed three-month period, up to $500,000. | Formula The greater of $100,000 or 3% of total assets for the first $100,000,000, plus 2% of additional assets over $100,000,000 up to $1,000,000,000, plus 0.5% of additional assets over $1,000,000,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Wyoming | $1,500.00 NMLS Phase One checklist lists this as the state application and license fee, one line. It is not split into a separate license fee. Document date 4/7/2026. | $10,000 min Minimum $10,000 and not to exceed $500,000, as provided in W.S. 40-22-106(a). | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
Choose a state, read the cited lines, open the source, then request the Cornerstone Licensing quote for the service charge.
Use the state menu and press Show the receipt. The table under the receipt lists all 50 states if you are not using the menu.
Application fee, surety bond, and net worth print only when the LicenseStore fee file or an NMLS checklist states them. Bond and net worth are requirements. They are not added to the application fee.
Each row links the NMLS checklist or the regulator page used for that state, plus the LicenseStore cost page for that state.
Cornerstone Licensing quotes the service charge. That charge is not one of the five government lines.
The calculator shows the application fee, surety bond, and net worth as separate components.
This receipt prices cited government lines. Cornerstone Licensing quotes the service charge for a money transmitter filing.
