Texas Money Services Bond — Finance Code Ch. 151

Texas Finance Code Chapter 151 requires all money transmitters, currency dealers, and stored-value issuers to be licensed by the Texas Department of Banking (TDB) and maintain a minimum $300,000 surety bond. Using a surety bond instead of pledging $300,000 in capital preserves working capital — you pay only the annual premium (typically 1%–3% of the bond amount).

Who Needs a Texas Money Services Bond

  • Money transmitters and remittance companies
  • Currency dealers and foreign exchange businesses
  • Payment instrument sellers (money orders, traveler's checks)
  • Prepaid debit card and stored value issuers

Bond Requirements Summary

  • Minimum: $300,000 (Tex. Finance Code §151.308)
  • May increase with transaction volume
  • Regulator: Texas Department of Banking (TDB)
  • Also required: FinCEN MSB registration
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