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Arizona Money Transmitter Surety Bond

Bond Requirements and Online Application

To obtain a money transmitter license, every state requires a surety bond. Depending on your state, this license may be called money remitter, money services business, check casher, or sales of check license.

Why Do I Need This Bond?

A surety bond is made to protect the public. In basic terms, it guarantees your business will adhere to all laws and requirements in your industry. In the event your business conducts unlawful acts, a consumer of your services may file a claim on the bond.

Nearly any company that offers payment services requires a money transmitter bond. Due to a history of fraudulence and inaccurate money transmissions, state agencies now require this bond to protect consumers. While this bond does not protect the business owner, it offers proof that your business handles clients’ money responsibly.

How Much Will the Bond Cost?

The cost of the bond, the “premium,” depends largely on the bond amount and the applicant’s financial status. The state requiring the bond determines the amount. At Surety 1, we will find you the lowest quote for your bond, starting at only 1.5% of the bond amount.

money transmitter bond


Money Transmitter Bond

In order to get your money transmitter’s business license, you’ll need a bond.

  • Required by: Arizona Department of Financial Institutions
  • Minimum bond amount: $25,000
  • Active: 1 year, renewable

The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.


Money Transmitter License

These are additional details about the licensing process that you should be aware of. (Only the bond is handled at Surety1, but this information will help you get your license.)


  1. Arizona Department of Financial Institutions (DFI) application
  2. Application fee
  3. Money Transmitter application
  4. Copy of AZ Certificate of Good Standing (less than 6 months old)
  5. Credit Report
  6. Ownership organizational chart including holding company with subsidiaries
  7. Universal Biographical Statement for individual(s) listed
  8. Surety bond
  9. Background check for individual(s) listed

Fee: $1,500 non-refundable

All licensing fees are required by the obligee, not the surety company.

See detailed instructions on to apply for this license from AZDFI.gov.


How to Get Your Arizona Money Transmitter Surety Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Arizona Money Transmitter Surety Bond!   If you have any questions, please call us at 877-654-2327.
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days