Money Transmitter Bond Arizona

According to the Arizona State Legislature, each money transmitter license should be accompanied by a money transmitter bond.

The requirements for a money transmitter bond in Arizona differs according to the number of delegates and locations. In lieu of bond, cash or cash alternatives can be used.

  • $25,000 bond – Money transmitters with 5 or less delegates and locations.
  • $100,000 bond – Money transmitters with 6 to 20 delegates and locations.
  • $5,000 additional for each delegate or location for money transmitters with 21 to 200 delegates and locations. The amount should not exceed $250,000.
  • $5,000 additional for each delegate or location for money transmitters with more than 201 delegates or locations. The amount should not exceed $500,000.

Read more about bond requirements here.