Arizona Money Transmitter Bond – Fast & Affordable Approval
If you’re applying for an Arizona Money Transmitter License, you’ll need an Arizona Money Transmitter Bond to comply with state regulations. At Surety1, we specialize in fast, affordable surety bonds for money transmitters, with rates as low as 1%.
✅ Instant Online Application
✅ Approval usually in 1 Business Day
✅ Competitive Rates
What Is an Arizona Money Transmitter Bond?
An Arizona Money Transmitter Bond is a type of surety bond required by the Arizona Department of Financial Institutions (DFI) to protect consumers if a licensed money transmitter fails to comply with state laws. This bond ensures that businesses follow the Arizona Money Transmitter Act and properly handle consumer funds.
Who Needs This Bond?
Any Arizona business engaged in:
✔Electronic money transfers
✔ Issuing/selling money orders or traveler’s checks
✔ Prepaid access/stored value services
✔Virtual currency exchange
Check Your Bond Requirements
Arizona Money Transmitter Bond Cost & Requirements
The required bond amount is the greater of:
- $25,000 or
- 100% of the average daily transmission liability (up to $500,000)
If your company’s tangible net worth exceeds 10% of total assets, you may qualify for the minimum $25,000 bond.
How Much Does the Bond Cost?
- Premiums typically range from 1% to 3% of the bond amount.
- Get a Free, no obligation Quote
How to Get an Arizona Money Transmitter Bond in 3 Easy Steps
- Complete Our Online Application – Fast, secure, and easy.
- Receive Your Free Quote – We shop multiple markets for the best rate.
- Approval & Payment -Sign some documents and pay the bond premium
Once approved, Surety1.com will upload your bond to the Nationwide Mortgage Licensing System (NMLS) under the “Surety Bond” section.
Pro Tip: The business name on your bond must exactly match your legal entity name on the license application.
Special Considerations for Crypto Businesses
Obtaining a Money Transmitter Bond for cryptocurrency services can be more challenging due to perceived regulatory risks. Many surety providers are cautious with crypto-related applications, requiring stronger financials, compliance documentation, or higher premiums, if we can get the bond at all.
How to Get an Arizona Money Transmitter License
License Requirements
- Minimum $100,000 net worth (verified by audited financials)
- Anti-money laundering (AML) compliance program
- Background checks for control persons (MU2 forms)
Application Steps
- Submit via NMLS
- File the MU1 (Company Form)
- and MU2 (Individual Forms).
- Pay licensing Fees
- Upload Documents, financial statements, and business plan.
- Processing Time: 6–8 weeks
Helpful Resources
Need Help? Contact Our Bond Experts
Why Choose Surety1 for Your Arizona Money Transmitter Bond?
✔ Competitive rates from top-rated surety markets
✔ Fast approval – often within 24 hours
✔ Expert guidance
✔ Trusted since 2003 – A division of AssuredPartners one of the largest and fastest growing insurance agencies in the nation.
Get Bonded Today – Apply Online
FAQs About Arizona Money Transmitter Bonds
Q: How long does it take to get a bond?
A: Most applications are approved in 1 business day.
Q: Can I get bonded with bad credit?
A: Usually Yes! We work with all credit types.
Q: Do I need a bond if I already have a license?
A: Yes, the bond must be active and renewed annually.
For more answers, visit our Money Transmitter Bond Guide.
Need Money Transmitter Bonds in other States? Visit our State-by-State Guide to Money Transmitter Bonds
At Surety1, we make it easy to secure your Bond at the best rate.
✅ Simple Online Process
✅ Expert Support
How to Get Your Arizona Money Transmitter Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.