Delaware Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $25,000- $500,000 | $250- $5,000 | State Commissioner |
Businesses engaging in regualted money transmission in Delaware generally must obtain the applicable license unless an exemption applies. The corporate surety bond is maintained as part of the state's money transmitter licensing requirements.
Cost of the Delaware Money Transmitter Bond
The annual premium for a Delaware Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $25,000 to $500,000, estimated annual premiums range from approximately $250 to $5,000. Complete the quote form to begin the required bonding process.
How the Delaware Money Transmitter Bond Works
The Delaware Money Transmitter Bond runs to the State of Delaware for the benefit of the Office of the State Bank Commissioner and consumers injured by covered wrongful acts, omissions, defaults, fraud, or misrepresentations by the licensee in the course of licensed activity.
Principal: Delaware money transmitter applicant/licensee
Obligee: State of Delaware / Office of the State Bank Commissioner
Surety: Corporation authorized to transact business in Delaware
Learn more about the surety bond claim process.
How to Get the Delaware Money Transmitter Bond
1. Confirm the bond amount determined by the Delaware State Bank Commissioner.
2. Complete the quote form to begin the required bonding process.
3. Pay the applicable bond premium.
4. File the required corporate surety bond as part of the Delaware money transmitter licensing process.
5. Maintain the required bond coverage for the applicable license period.
Learn more about Delaware surety bond options available through NNA Surety.
Get Your Delaware Money Transmitter Bond
For assistance with your Delaware Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.