Any person or business engaging in the business of money transmission in Texas, including selling or issuing payment instruments, stored value, or receiving money for transmission. Required when: Required as a condition of obtaining and maintaining a money transmission license. Exemptions: Authorized delegates of a li…
Overview
What it is.
Any person or business engaging in the business of money transmission in Texas, including selling or issuing payment instruments, stored value, or receiving money for transmission. Required when: Required as a condition of obtaining and maintaining a money transmission license. Exemptions: Authorized delegates of a li…
Who usually needs it
Any person or business engaging in the business of money transmission in Texas, including selling or issuing payment instruments, stored value, or receiving money for transmission.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateTXBond amountIf the licensee's tangible net worth is greater than 10% of total assets, the a…Term lengthContinuousObligeeTexas Department of BankingRenewalThe bond remains in effect until canceled. The surety must provide at least 30 days' written notice to the Commissioner to cancel. Licensees must ensure the security is maintained at the required level during annual lic…Bond classLicense BondCategoryFinancial ServicesBondSecurity for Money Transmission LicenseeStatutory referenceTexas Finance Code § 152.352JurisdictionState
