Colorado Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $250,000- $1,000,000 | $2,500- $10,000 | State Commissioner |
Businesses engaging in regulated money transmission in Colorado generally must obtain the applicable license unless an exemption applies. Colorado's bonding rules require surety coverage as part of the financial safeguards applicable to licensed money transmitters.
Cost of the Colorado Money Transmitter Bond
The annual premium for a Colorado Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $250,000 to $1,000,000, estimated annual premiums range from approximately $2,500 to $10,000. Contact NNA Surety for current pricing.
How the Colorado Money Transmitter Bond Works
The Colorado Money Transmitter Bond is part of the financial security required for licensed money transmitters. Under Rule MO1, the bond and permissible investments must, in combination, at least equal the amount of outstanding payment instruments in Colorado, while the bond itself is subject to the applicable minimum and potential increases.
Principal: Colorado money transmitter applicant/licensee
Obligee: State of Colorado / Colorado Division of Banking
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Colorado Money Transmitter Bond
1. Confirm the bond amount required under Colorado Rule MO1 and the applicable permissible-investment requirements.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. Complete the required bond filing for the Colorado money transmitter license.
5. Maintain the required bond and permissible investments while licensed.
Learn more about available through NNA Surety.
Get Your Colorado Money Transmitter Bond
For assistance with your Colorado Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.