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Colorado Money Transmitter Bond

How much does a money transmitter bond cost in Colorado?

The Colorado Division of Banking requires individuals to post a surety bond in order to lawfully operate a money transmission business in the state. Prior to beginning the bonding process, applicants should verify their required bond amount with the state in which they desire to do business. Bond amounts will range anywhere between $250,000 and $2 million. The bond amount that each applicant is required to post is determined on a case-by-case basis depending on the financial condition of the applicant.

Money transmitter bonds are subject to underwriting, meaning the amount you’ll pay depends on a review of your personal credit report. No need to worry about less-than-stellar credit affecting your chance of posting a bond. The experts at SuretyBonds.com make the bonding process quick and easy for all applicants. Click here to receive a free bond quote.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Money Transmitter Bond Varies Starts at 1.5% 3-9% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you want to work with a team of surety specialists that make your bonding needs their main priority, call SuretyBonds.com at 1 (800) 308-4358 today or submit a bond request form now. We can typically provide you with a free no-obligation bond quote within 1 business day of applying.

Why do I need this bond?

Colorado money transmission surety bonds guarantee that principals (money transmission professionals) conduct business in compliance with Title 12, Article 52 of the Colorado Revised Statutes and all other laws applicable to the business of money transmission. If fraudulent activity occurs as a result of malpractice conducted by the principal, consumers will not face any unjust financial harm. The principal will then be responsible for reimbursing the surety in a timely and professional manner.

Ready to get bonded? Start here!

What’s the fine print?

Colorado money transmission surety bonds remain in full force and effect until canceled and can be continued by the issuance of an appropriate license renewal certificate.

How to become a money transmitter in Colorado

It is considered illegal to act as a money transmitter in Colorado without first obtaining a license to do so. Below is a list of materials the applicant should anticipate needing at the time of application:

  • application package completed in its entirety
  • history of previous business operations
  • history of material litigation
  • a surety bond in an appropriate amount
  • nonrefundable filing fee

Take the first step toward becoming licensed in Colorado by posting the surety bond you need!

Ready to get started?

Get a FREE Money Transmitter Bond Quote Today!

Money Transmitter - Applications and Forms

Money Transmitter Statutes - Title 12 Article 52

Banking (Money Transmitters) - Frequently Asked Questions

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