Pennsylvania Money Transmitter Bonds

A Money Transmitter Bond must be furnished to the Department of Banking and Securities of the Commonwealth of Pennsylvania for those licensed to operate as money transmitters in the state. The purpose of the money transmitter surety bond is to ensure that the bonded business complies with the provisions of the Act, all the rules and regulations of the Department issued in accordance with the Act, and payment of all financial obligations to the Commonwealth, the Department, or any Pennsylvania resident who is owed monies from the money transmitter.