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Oklahoma Money Transmitter Bond bond

Oklahoma Money Transmitter Bond (Bond, not License)

Oklahoma requires a $25,000 money transmitter bond bond.

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Direct answer

Do I need a money transmitter bond bond in Oklahoma?

Oklahoma requires a $25,000 money transmitter bond bond. Licensed money transmitters and prospective applicants in every state that conditions the license on a posted surety bond (most do). Oklahoma Department of Consumer Credit oversees money transmitter requirements in Oklahoma, including the bond filing.

Oklahoma Money Transmitter Bond bond, answered

How much is a money transmitter bond bond in Oklahoma?
Oklahoma requires a $25,000 money transmitter bond bond.
Who needs a Oklahoma money transmitter bond bond?
Licensed money transmitters and prospective applicants in every state that conditions the license on a posted surety bond (most do).
Who regulates money transmitter bond bonds in Oklahoma?
Oklahoma Department of Consumer Credit oversees money transmitter requirements in Oklahoma, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send license details and transmission volume Receive a per-state quote with surge brackets Bond signed and filed with the state regulator

What you will need

  • NMLS or state license number
  • Last 12 months of transmission volume by state
  • Company financials and owner credit

How to get bonded

  1. Send license details and transmission volume
  2. Receive a per-state quote with surge brackets
  3. Bond signed and filed with the state regulator

Regulator: Oklahoma Department of Consumer Credit

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Money Transmitter Bond bond requirements by state