Pick a state to read the money transmitter surety bond amount or formula on the NMLS Phase Two checklist. Not cited means that checklist did not print a dollar amount. Retrieved 13 October 2026.
Checklist index: NMLS MMLA Phase Two Requirements Checklists, document date 1/28/2025. Other cost lines are on the license cost calculator.
| State | Surety bond | Source |
|---|---|---|
| Alabama | Not cited Not printed on a regulator or NMLS page read for this tool. | Alabama State Banking Department NMLS License Requirements and Fees Chart |
| Alaska | Not cited Not printed on a regulator or NMLS page read for this tool. | Alaska Division of Banking and Securities NMLS License Requirements and Fees Chart |
| Arizona | Not cited Not printed on a regulator or NMLS page read for this tool. | Arizona Department of Insurance and Financial Institutions NMLS License Requirements and Fees Chart |
| Arkansas | Not cited Not printed on a regulator or NMLS page read for this tool. | Arkansas Securities Department NMLS License Requirements and Fees Chart |
| California | Not cited 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 | Not cited Not printed on a regulator or NMLS page read for this tool. | Colorado Division of Banking NMLS License Requirements and Fees Chart |
| Connecticut | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Delaware | Not cited Not printed on a regulator or NMLS page read for this tool. | Delaware Office of the State Bank Commissioner NMLS License Requirements and Fees Chart |
| Florida | Not cited Not printed on a regulator or NMLS page read for this tool. | Florida Office of Financial Regulation NMLS License Requirements and Fees Chart |
| Georgia | $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 | Not cited Not printed on a regulator or NMLS page read for this tool. | Hawaii Division of Financial Institutions (DCCA) NMLS License Requirements and Fees Chart |
| Idaho | Formula $10,000 minimum, plus $5,000 per location (including authorized delegates), up to $500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Illinois | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Indiana | $300,000 min Minimum $300,000. Once licensed, the amount may need to increase. See I.C. 28-8-4.1-1002. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 6/23/2026 |
| Iowa | 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 | 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%. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Kentucky | $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 | $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 | $100,000.00 Original money transmitter surety bond. The principal name must match the applicant, including DBAs. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Maryland | $150,000.00 Surety bond of $150,000, or permissible investments of at least $150,000 held by the Commissioner. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Massachusetts | $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 | Formula $500,000 for the first location, plus $10,000 for each additional location and authorized delegate, up to $1,500,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Minnesota | $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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Mississippi | Not cited 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 | Not cited Not printed on a regulator or NMLS page read for this tool. | Missouri Division of Finance NMLS License Requirements and Fees Chart |
| Montana | Not cited Not printed on a regulator or NMLS page read for this tool. | Montana Division of Banking and Financial Institutions NMLS License Requirements and Fees Chart |
| Nebraska | $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 | Not cited Not printed on a regulator or NMLS page read for this tool. | Nevada Financial Institutions Division NMLS License Requirements and Fees Chart |
| New Hampshire | Not cited Not printed on a regulator or NMLS page read for this tool. | New Hampshire Banking Department NMLS License Requirements and Fees Chart |
| New Jersey | Not cited Not printed on a regulator or NMLS page read for this tool. | New Jersey Department of Banking and Insurance NMLS License Requirements and Fees Chart |
| New Mexico | Not cited Not printed on a regulator or NMLS page read for this tool. | New Mexico Financial Institutions Division NMLS License Requirements and Fees Chart |
| New York | Not cited Not in the LicenseStore fee file, and New York is not on the NMLS Phase Two checklists read for this tool. | New York Department of Financial Services application fees NMLS License Requirements and Fees Chart |
| North Carolina | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| North Dakota | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Ohio | $300,000.00 Surety bond of $300,000. The principal name must match the applicant, including fictitious names. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Oklahoma | Not cited Not printed on a regulator or NMLS page read for this tool. | Oklahoma Banking Department NMLS License Requirements and Fees Chart |
| Oregon | Formula $25,000 for the first location, plus $5,000 for each additional Oregon branch or agent location, up to $150,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Pennsylvania | $1,000,000.00 Surety bond of $1,000,000. The checklist cites Act 129 section 6(a)(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 | $50,000.00 Electronic surety bond of $50,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| South Carolina | Formula $50,000 plus $10,000 for each location. The additional amount is not to exceed $250,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| South Dakota | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Tennessee | Not cited 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Texas | 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. | 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 | $50,000.00 Electronic surety bond of $50,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Vermont | 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 | Not cited Not printed on a regulator or NMLS page read for this tool. | Virginia Bureau of Financial Institutions (SCC) NMLS License Requirements and Fees Chart |
| Washington | Formula $10,000 for every $1 million of Washington money transmission and payment instrument dollar volume, maximum $550,000. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| West Virginia | Not cited Not printed on a regulator or NMLS page read for this tool. | West Virginia Division of Financial Institutions NMLS License Requirements and Fees Chart |
| Wisconsin | 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. | NMLS Phase One checklist, document date 4/7/2026 NMLS Phase Two checklist, document date 9/13/2025 |
| Wyoming | $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 bond line, and open the NMLS Phase Two checklist linked on that row. The license cost calculator holds the other fee lines.
Use the state menu and press Show the receipt. The table under the receipt lists the bond line for all 50 states.
A dollar amount is a flat figure printed on the checklist. Formula means the checklist uses a minimum, a per-location add-on, or a volume test. Not cited means the checklist did not print a dollar amount.
The source link on the row is the NMLS Phase Two checklist, or the regulator page when this file has no checklist figure.
Open the license cost calculator for the application fee and net worth. The bond is not those fees.
The lookup prints the checklist bond amount or formula. The bond is separate from the license fee, and Cornerstone Licensing quotes placement with the filing. Our Cornerstone Licensing review lists the bond types the firm places.
The lookup prints the cited bond requirement. Cornerstone Licensing quotes the service charge, including surety bond placement when that is part of the filing.
