1 (844) 589-9732

New York Money Transmitter Bond

The New York money transmitter bond is a $500,000 surety bond required by the NY Department of Financial Services. AmeriPro Surety Bonds offers you this surety bond: 844-589-9732.

New York Money Transmitter Bond

AmeriPro Surety Bonds | 844-589-9732



New York Money Transmitter Bond




The New York Department of Financial Services regulates the licensing of money transmitter businesses in the state.

The Department requires that at as a condition for licensing, New York money transmitters obtain a surety bond which is at least $500,000.




New York Money Transmitter Bond: The Purpose




The money transmitter surety bond exists solely for the protection of the public.

More specifically, besides being a condition for licensing, the NY money transmitter bond protects the public from any acts of fraud, theft, or criminal misconduct committed by a money transmitter company, its agents, managers, and employees of the company, in the performance of their professional duties.

The bond furthermore acts as a financial guarantee for the benefit of the public that New York money transmitters will conduct their business dealings according to the law.

Its existence also allows those who suffer financial harm to make claims against the surety bond for losses suffered up to the aggregate total of the bond amount.

But a surety bond is not an insurance policy. Any claims paid by a surety company for harm to a consumer, must be fully reimbursed by the bond’s principal (the money transmitter company and person(s) purchasing this surety bond).




Applying for a New York Money Transmitter Bond




When you call our agency, we’ll go over some basic questions for this surety bond.

Because of this surety bond’s large size, we may ask you questions regarding the following:

  • Business and/or personal financial standing as demonstrated (possibly) by a financials statements);
  • Assets of the business and personal assets, which includes cash on hand (in checking and savings accounts);
  • The type of investments—stocks, 401k’s, bonds, certificates of deposits, and their current market value that your and the business own. Also, at which financial institutions these investments are held;
  • Personal and real property owned, the location of such property and the value of the property.

There will also be a standard credit check involved, which will determine the bond’s premium amount.




New York Money Transmitter Bond: The Premium and Duration




The premium for the New York money transmitter bond will be a small percentage of the $500,000 surety bond requirement, determined largely by the application and credit scoring.

Applicants can expect to normally pay between 1-4% of the bond’s face amount.

Once purchased, the bond renews annually, and should be issued to run concurrently with the money transmitter license provided by the state of New York.

Our agency will notify you once the bond has been purchased of its upcoming renewal.




Electronic Filing of the New York Money Transmitter Bond




New York state participates in NMLS  which is an electronic registration system that handles licensing matters for various professions.

Once purchased, the New York money transmitter bond is also electronically filed with NMLS. Our agency will assist you with the electronic if needed.




About AmeriPro Surety Bonds




AmeriPro Surety Bonds is a surety bonds-only agency which provides money transmitter surety bonds in New York and nationwide.

Our agency also provides license and permit, court, fiduciary, and contractor bonds.

We are determined to make your surety bond purchasing process friendly, helpful, and as quick as can reasonably be expected.

We look forward to working with and for you.

Call AmeriPro Surety Bonds today:






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)