The Arizona Money Transmitter Surety Bond is a mandatory financial guarantee required by the Arizona Department of Insurance and Financial Institutions (DIFI) for all entities seeking to obtain or maintain a money transmitter license under Title 6, Chapter 12, Article 1 of the Arizona Revised Statutes (A.R.S.). This surety bond serves as a vital consumer protection tool, ensuring that licensed money transmitters operate in full compliance with Arizona law and uphold the integrity of financial transactions, including those involving cryptocurrency.
In accordance with the statutory requirements, the surety bond is issued in favor of the State of Arizona for the benefit of any person who suffers damages due to the licensee’s wrongful acts, defaults, fraud, or misrepresentations. The bond guarantees that the licensee will strictly and honestly comply with all provisions governing money transmission, including the proper handling of funds, disclosure of terms, and avoidance of deceptive practices. It remains effective until canceled by the surety, which must provide 30 days’ written notice to both the Principal and DIFI prior to termination. The required bond amount is determined by the Department based on the applicant’s financial activity and risk exposure. As stated in the official bond form (FE-LC-DIFI), liability under the bond is continuous, and aggregate claims cannot exceed the penal sum of the bond. Coverage remains in force until released by the Department or properly canceled in accordance with A.R.S. § 6-1205. Per the statute:
We offer rapid underwriting and same-day issuance of Arizona Money Transmitter Bonds, including options tailored for cryptocurrency exchangers, wallet services, blockchain-based remittance providers as well as traditional check cashing stores and wire services. All licensees are subject to multi-state money transmitter laws and NMLS requirements for filing, of which we are an approved e-bond filer. Documents and formal submissions must be directed to:
Arizona Department of Financial Institutions 100 North 15th Avenue, Suite 261 Phoenix, AZ 85007 difi.az.gov/
Arizona surety bond leader, Surety One, Inc. specializes in the bonding needs financial institutions, money transmitters and cryptocurreny operators. We offer surety bonds and fidelity bonds to financial services businesses, miners and traders in all fifty states, Puerto Rico and U.S. Virgin Islands. Although applicant financial condition is a factor in bond underwriting, we have programs to fit EVERY credit condition. Call (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for a live chat for an Arizona money transmitter bond application or to discuss your particular needs.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.