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Oregon Money Transmitter Bond

Oregon Money Transmitter Bond

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Who Requires the Money Transmitter Bond and Why Is It Needed?

Oregon businesses providing money transmission services such as electronic bill paying and wiring money within the U.S. and abroad must be licensed and furnish a surety bond to the Oregon Division of Financial Regulation. The surety bond is provided by Surety Bonds Direct and filed electronically with the Nationwide Multi-state Licensing System (NMLS) in the minimum amount/coverage of $25,000, plus $5,000 for each location that operates as a branch or agent of the company for Oregon transactions up to a maximum bond of $150,000.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Oregon Money Transmitter Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What is Needed to Obtain My License or Registration?

Oregon Money transmitter license applicants must be prepared to provide the following items to the Oregon Division of Financial Regulation:

  • Copies of agreements and disclosures
  • Surety bond in the minimum coverage/amount of $25,000, plus $5,000 for each location branch location ($150,000 max)
  • Audited financial statements and most recent unaudited financial statements showing a net worth of at least $100,000 plus $25,000 for each location or authorized delegate
  • Outline of anti-money laundering compliance program.
  • Proof of current business registration with the Oregon Secretary of State
  • Criminal background check and credit check for each owner, partner, or manager of the business

List of Oregon surety bonds.

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