Who requires it
Office of the State Bank Commissioner — Money transmission
License & permit · Kansas
Kansas Money Transmitter Bond
Kansas money-transmission applicants and licensees must keep a surety bond satisfactory to the commissioner—or an approved deposit in place of a bond—under the Kansas Money Transmission Act. K.S.A. 9-587, effective January 1, 2025, generally sets the amount at the greater of two hundred thousand dollars or one hundred percent of the licensee’s average daily Kansas money-transmission liability for the most recently completed three-month period, capped at one million dollars.
Common bond amount
$200,000–$1,000,000
Greater of $200,000 or 100% of average daily KS liability (3-month window), max $1,000,000; flat $200,000 if tangible net worth > 10% of assets (K.S.A. 9-587).
How you file
Surety bond or commissioner-approved deposit
Renewal
Maintain while licensed; recalculate liability-based amount unless at $1M maximum or net-worth flat path
Who requires it
Applicants for and holders of Kansas money-transmission licenses under K.S.A. 9-555 et seq. who must keep statutory security in force with OSBC through NMLS.
How much is required
Subsection (b)(1) requires the greater of $200,000 or 100% of average daily Kansas transmission liability calculated for the most recently completed three-month period, up to $1,000,000. Subsection (b)(2) allows a flat $200,000 when tangible net worth exceeds 10% of total assets. A licensee that posts the full $1,000,000 maximum need not recalculate average daily Kansas liability for this section. The commissioner may approve a deposit instead of a bond.
How to get and file it
Compute average daily Kansas liability for the latest three-month window (unless you qualify for the flat $200,000 net-worth path or the $1,000,000 ceiling). Have an authorized surety issue a bond in a form satisfactory to the commissioner—or arrange an approved deposit—then file through NMLS with the money-transmission application or amendment package. Keep security in force at all times while licensed. Recalculate when Kansas liability grows toward a higher amount unless you already maintain the statutory maximum. Confirm any post-exit or cancellation mechanics with the current OSBC money-transmission checklist.
Cost note
Two hundred thousand to one million dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Standard formula
- Greater of $200,000 or 100% of average daily Kansas transmission liability
- Ceiling
- $1,000,000
- High tangible net worth path
- Flat $200,000 if tangible net worth exceeds 10% of total assets
- Alternative
- Commissioner-approved deposit instead of a bond
Official sources
Related resources
Frequently asked questions
Do I have to recalculate the Kansas money-transmitter bond every quarter?
The statute measures average daily Kansas liability over the most recently completed three-month period. Licensees at the $1,000,000 maximum are not required to perform that calculation for §9-587. Others should keep the amount aligned with the latest three-month window unless they qualify for the flat $200,000 net-worth path.
When did the Kansas $200,000 money-transmission security floor take effect?
K.S.A. 9-587 states that the section takes effect on and after January 1, 2025, as part of the Kansas Money Transmission Act rewrite.
Related Kansas bond guides
Mortgage Company Bond
$50,000–$125,000
Kansas mortgage company applicants and licensees under the Kansas Mortgage Business Act must file a surety bond the Office of the State Bank Commissioner accepts. K.S.A. 9-2211 frames the requirement as a bond of not less than one hundred thousand dollars in an amount the commissioner sets by rule. The currently published K.A.R. 17-24-6 schedule sizes the amount by whether the company maintains a bona fide Kansas office and by prior-calendar-year Kansas mortgage origination volume.
Credit Services Organization Bond
$25,000
Kansas credit services organizations that provide fee-based debt-management or related credit services must file a twenty-five-thousand-dollar surety with the Office of the State Bank Commissioner. K.S.A. 50-1119 conditions the bond on faithful performance of licensee duties and makes it available for OSBC expenses, fines, and fees as well as consumer losses the commissioner attributes to statutory violations.
Motor Vehicle Dealer Bond
$50,000
Kansas new-vehicle and used-vehicle dealer applicants must keep a fifty-thousand-dollar surety bond on file before the Division of Vehicles issues or continues the license. K.S.A. 8-2404 requires the bond for the dealer license. Dealers may instead deposit cash, negotiable U.S. or Kansas bonds, or bank certificates of deposit with the State Treasurer in at least the same amount.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Kansas application
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Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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