1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Missouri Money Transmitter Bond

How much does a money transmitter bond cost in Missouri?

The Missouri Division of Finance requires money transmitters to file a bond to obtain an approved license. The bond amount for initial applicants is $100,000. For renewals, the bond amount is 5 times the greatest amount transmitted in a single day during the previous year. The minimum amount for renewals is $100,000 and the maximum is $1,000,000.

Premiums for this bond will be based on a review of your credit report. To expedite the bonding process, it is helpful if you have your financial information ready when filing for a bond quote.

Ready to get started? Call 1 (800) 308-4358 to speak with a bond expert or click here!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Money Transmitter Bond New applicants $100,000 Starts at $1,500 $3,000-9,000 $10,000+ Apply Now
Money Transmitter Bond Existing license holders 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’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. One of our experts will personally walk you through our simple bonding process and provide you with a free bond quote for your convenience.

Why do I need this bond?

Money transmitter bonds protect customers from illegal and fraudulent business activity on behalf of the principal (money transmitter). This bond holds money transmitters responsible for complying with the regulations outlined in the Missouri Sale of Checks Law.

Should the principal fail to adhere to the terms of the bond, valid claims can be filed against the bond. In the event of a valid claim, the surety will compensate the obligee for incurred damages up to the penal sum of the bond, but the principal must reimburse the surety in a timely manner.

Have any questions about this bond? Our team of surety specialists can assist you. Call 1 (800) 308-4358 or fill out our online bond request form to get started!

What’s the fine print?

The Missouri Division of Finance mandates money transmitters to file a surety bond before commencing business operations. The bond remains valid for 1 year before it must be renewed. If the surety wishes to cancel the bond for any reason, it must give the Director of Finance of the State of Missouri 60 days’ notice. During these 60 days, the surety remains liable for any claims filed against this bond.

How to become a money transmitter in Missouri

Money transmitter license applicants in Missouri must meet several requirements in addition to a surety bond. The following must be included for an applicant to receive an approved money transmitter license from the state:

  • application (with both business and residence address of officers and directors in company)
  • list of all Missouri business outlets
  • CPA-certified audit
  • surety bond or irrevocable letter of credit
  • copy of your Bank Secrecy Act Registration of Money Services Business form and Certificate of Compliance
  • proof of solvency form
  • identification information
  • $100 licensing fee

Missouri money transmitter licenses expire annually on April 15, so you must renew your license annually if you wish to remain in compliance with the law.

In addition to the state licensing requirements, you must first register with the Bank Secrecy Act filing system as a money services business (MSB). The Financial Crimes Enforcement Network (FinCEN), the regulatory agency for money transmitters, requires all money services businesses to submit registration with the BSA E-Filing system prior to receiving a state license. Helpful links for this registration process can be found in the Important Links section below.

Let our experts do all of the hard work for you. Click here or call 1 (800) 308-4358 to get a free money transmitter bond quote.

Ready to get started?

Get a FREE Money Transmitter Bond Quote Today!

Missouri Money Transmitter Law

Missouri Division of Finance: Money Transmitters

Missouri Money Transmitter Bond Form

Missouri Money Transmitter Licensing Packet

BSA Requirements for MSBs

BSA E-Filing System

Free Shipping
50,000 Satisfied
Customers Nationwide
No Hidden Fees