Who requires it
Missouri Division of Finance — Money Transmission
License & permit · Missouri
Missouri Money Transmitter Bond
Missouri money-transmission licensees must keep a director-satisfactory surety bond under the Money Transmission Modernization Act. Section 361.1002 sizes the amount at not less than one hundred thousand dollars and can raise it to five hundred thousand dollars based on average daily Missouri transmission liability.
Common bond amount
$100,000–$500,000
Greater of $100,000 or 100% of average daily MO liability (3-month), capped at $500,000; or $100,000 if tangible net worth > 10% of assets.
How you file
Surety bond in a form satisfactory to the director (NMLS)
Renewal
Maintain continuously while licensed; recalculate when not on the $500,000 maximum
Who requires it
Applicants and licensees for a Missouri money transmission license under §§ 361.900–361.1035. File and maintain the bond through the Division of Finance’s NMLS money-transmission path (legacy NMLS label may still read “Sale of Checks and Money Transmitter”).
How much is required
Section 361.1002 requires the greater of $100,000 or one hundred percent of average daily money-transmission liability in Missouri for the most recently completed three-month period, up to $500,000. If tangible net worth exceeds ten percent of total assets, the required bond is $100,000. Maintaining the $500,000 maximum relieves the licensee from calculating average daily liability for this section.
How to get and file it
Size the bond to § 361.1002 using your Missouri liability figures or the high-net-worth alternative, have an authorized surety execute a form satisfactory to the director, and upload it with the NMLS money-transmission application or renewal checklist items. Maintain the bond at all times while licensed. Recalculate average daily liability when you are not on the $500,000 maximum or the high-net-worth $100,000 path, and keep NMLS document uploads current for renewals.
Cost note
The statutory amount is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Standard path
- Greater of $100,000 or 100% of average daily MO liability, max $500,000
- High net-worth path
- $100,000 when tangible net worth exceeds 10% of total assets
- Maximum amount
- $500,000 amount excuses the average-daily-liability calculation
Official sources
Related resources
Frequently asked questions
Does posting $500,000 change my reporting?
Yes for this section. A licensee that maintains the maximum $500,000 bond is not required to calculate average daily money-transmission liability in Missouri for purposes of § 361.1002.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Missouri application
Missouri will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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