Who requires it
Oklahoma State Banking Department
License & permit · Oklahoma
Oklahoma Money Transmitter Bond
Oklahoma money transmitters licensed by the State Banking Department under the Financial Transaction Reporting Act must maintain a surety bond on the Department’s current form. The minimum amount depends on whether the company transmits digital assets, operates primarily by electronic means, or works exclusively through authorized delegates.
Common bond amount
$50,000–$500,000
Digital assets $500,000; primarily electronic $200,000; delegate-only $50,000 + $10,000/location capped at $500,000.
How you file
File the Banking Department money-transmitter bond form through NMLS
Renewal
Continues with license renewals; 30-day cancellation notice to Commissioner
Who requires it
Companies that hold or seek an Oklahoma money transmission license, including digital asset kiosk operators brought under the Act effective November 1, 2025. The bond runs to the Banking Department and to money-transmission customers for obligations under the Act.
How much is required
The Department’s 2025 surety bond form publishes three minimum tracks: at least $500,000 when the transmitter provides digital-asset related services (including digital asset kiosks); at least $200,000 when services are provided primarily through electronic means; and, for transmitters that operate exclusively through authorized delegates, $50,000 plus $10,000 per location of each delegate, not exceeding $500,000 total. Order the amount that matches the licensee’s actual delivery model and confirm any higher figure the Commissioner requires before filing.
How to get and file it
Have an Oklahoma-authorized surety complete the Banking Department Surety Bond for Money Transmitter for the correct minimum amount, with notarized acknowledgments for principal and surety. Upload the executed bond through NMLS under the company surety-bond document type (or follow the Department’s non-NMLS submission instructions if applicable) and keep a copy with renewal materials. The bond continues for the money-transmission license term and automatically renews with succeeding renewals unless the surety cancels. Cancellation requires at least thirty days’ written notice to the Oklahoma Banking Commissioner. Upload a current bond with each renewal report and update the amount if the company’s digital-asset, electronic, or delegate profile changes.
Cost note
The schedule figures are the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Digital assets
- Minimum $500,000 (includes digital asset kiosk operators)
- Primarily electronic
- Minimum $200,000
- Authorized delegates only
- $50,000 + $10,000 per delegate location, cap $500,000
- Filing
- Department form uploaded through NMLS (or Department instructions)
Official sources
Frequently asked questions
Which minimum applies if we use both electronic channels and delegates?
Use the Department form schedule that matches how services are actually delivered. Digital-asset activity pulls the $500,000 floor. If you are unsure which track applies, ask the Banking Department before ordering the bond.
Do digital asset kiosk operators need a separate bond type?
No separate product name is required on the Department form. Kiosk operators licensed as money transmitters must meet the digital-assets minimum of $500,000 on the same money-transmitter surety bond.
Related Oklahoma bond guides
Mortgage Lender Bond
$100,000
Oklahoma mortgage lenders licensed under the Secure and Fair Enforcement for Mortgage Licensing Act must file a one-hundred-thousand-dollar surety bond payable to the Department of Consumer Credit. The amount does not scale with loan volume—every lender posts the same statutory figure as a condition of licensure.
Credit Services Organization Bond
$10,000
Oklahoma credit services organizations that help consumers improve credit records or obtain extensions of credit must file a ten-thousand-dollar surety bond with the Department of Consumer Credit when they apply for a license under the Credit Services Organizations Act.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Oklahoma application
Oklahoma 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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