1 (844) 589-9732

New Mexico Money Transmitter Bond

A New Mexico Money transmitter bond with a minimum amount of $300,000 is required for those who engage in this business within the state. AmeriPro Surety Bonds works for you to provide you the best pricing. Call us today: 844-589-9732

New Mexico Money Transmitter Bond | AmeriPro Surety Bonds | 844-589-9732




New Mexico Money Transmitters




Money transmitters are those engaged in the business, at least partly, of facilitating the transfer of monies between persons and businesses.

Also, in New Mexico, a check casher is defined as one who transfers at least $2,500 within any 30 day period.




Jurisdiction for New Mexico Money Transmitters:




New Mexico money transmitters are regulated by the New Mexico Regulations and Licensing Department.




Other Business Activities of New Mexico Money Transmitters:




Money transmitters also engage in the following business practices:

* New Mexico money transmitters issue, sell, and cash travelers checks and money orders;

* They offer bill paying. For example, they offer acceptance of payments for utility bills;

* They deal with currency exchange;

* They cash payroll checks (done for a fee of the value of the check);




New New Mexico Money Transmitters licensees:




New licensees will want to familiarize themselves with the rules and regulations for money transmitters as determined by the New Mexico state legislature.




Licensing Renewals for New Mexico Money Transmitters:




New Mexico money transmitters renew their respective licenses on an annual basis.

The New Mexico money transmitter bond, purchased through AmeriPro Surety Bonds, will also renew annually to run concurrent with your license.

Renewal of the New Mexico money transmitter license involves all of the following:

* Payment of a $1000 annual renewal fee;

* Providing current financial statements;

* Providing an updated New Mexico transmitter bond




New Mexico Money Transmitter Bond




The Regulations and Licensing Department requires New Mexico money transmitters to file a surety bond with NMLS in the following amount:

$300,000 minimum New Mexico money transmitter bond


1% of the annual transaction volume in New Mexico,

whichever amount is GREATER.




Calculator for the New Mexico Money Transmitter Bond Amount




The state of New Mexico provides a calculator for determining the surety bond amount required for the New Mexico money transmitter bond.




Premium for the New Mexico Money Transmitter Bond




While the surety bond amount will have a floor of $300,000 at the very least, the amount paid for the surety bond will be contingent on the following two criteria, for the most part:

The dollar amount of the surety bond required;

The applicant’s credit score.

“For the most part…”:   By this we mean, that also taken into consideration is the applicant’s history in the money transmitter business.




AmeriPro Surety Bonds




AmeriPro Surety Bonds is a surety bond only agency providing license and permit, contractor, and fiduciary surety bonds throughout all of New Mexico.

We will work with and for you to provide you with the best pricing for your New Mexico money transmitter bond.




Call AmeriPro Surety Bonds today at: 844-589-9732


Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Delaware Writ of Attachment Bond

Delaware Writ of Attachment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose    As Plaintiff in a Delaware civil litigation proceeding, the court is allowing you to seize the property of the adverse party (i.e., the Defendant),...

Indiana Garnishment Bond

Indiana Garnishment Bond AmeriPro Surety Bond | 844-589-9732   Surety Bond; Purpose and Amount   As plaintiff in an Indiana civil court proceeding, the court may allow you, prejudgment, to seize the account, assets, or wages of the adverse party.  The seized...

Indiana Attachment Bond

Indiana Attachment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   An Indiana attachment order (aka ‘writ of attachment’ or ‘plaintiff’s attachment’) allows you, the plaintiff in a civil litigation proceeding, to seize and take...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)