Kentucky Money Transmitter Bond
Bond Range and Estimated Premiums
| Bond Amount Range | Estimated Premium (1.5%- 3%) | Source |
| $500,000- $1,000,000 | $5,000- $10,000 | NMLS |
Businesses engaging in regulated money transmission in Kentucky generally must obtain the applicable license unless an exemption applies. The surety bond supports compliance with Kentucky money transmission requirements and provides financial protection for covered obligations.
Cost of the Kentucky Money Transmitter Bond
The annual premium for a Kentucky Money Transmitter Bond is estimated at 1.5%–3% of the required bond amount. With bond amounts ranging from $500,000 to $1,000,000, estimated annual premiums range from approximately $5,000 to $10,000. Complete the quote form to begin the required bonding process.
How the Kentucky Money Transmitter Bond Works
The Kentucky Money Transmitter Bond provides financial security in connection with the licensee's obligations under applicable Kentucky money transmission law. The bond is maintained as part of the state's licensing requirements.
Principal: Kentucky money transmitter applicant/licensee
Obligee: Commonwealth of Kentucky / Department of Financial Institutions
Surety: Authorized surety company
Learn more about the surety bond claim process.
How to Get the Kentucky Money Transmitter Bond
1. Confirm the bond amount required for the Kentucky money transmitter license.
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 Kentucky money transmitter license.
5. Maintain the required bond coverage while licensed.
Learn more about Kentucky surety bond options available through NNA Surety.
Get Your Kentucky Money Transmitter Bond
For assistance with your Kentucky Money Transmitter Bond, call 855-215-2160 to speak with NNA Surety.