What is the difference between surety bond and cash bond

Cash bonds are essentially cash that is held as a payment guarantee. The bottom line is that the easiest way to bail someone out of jail is to post the entire amount of bail with cash.

When you post bail with cash, the bond court holds the entire amount of money to guarantee the defendant will appear in court at the scheduled date and time. The cash serves as the payment guarantee. If the defendant fails to show up to court, the court holds onto the cash. If the defendant appears in court, the money is returned.

The only caveat of note is that cash bonds carry small court fees, but there are also court fees with surety bonds as well. Surety bonds are best described as loans obtained to post bail. The contractor serves as the bail bondsman. The bail bondsman and jailed individual interact, and bail is posted. However, the bail bondsman does not reach into his or her own pocket to cover the cost of bail.

The bail bondsman contacts the trusted surety business he or she works with to obtain the money necessary to post bail on behalf of defendants.

As long as the defendant appears in court as scheduled, the money is returned. When a bond company posts a surety bond with the court, both you and the bond company are taking on financial risk.

If the defendant fails to appear in court, the bond company has the right to track down the defendant and return them to police custody. Need a Bail Bond on the Mississippi Coast? Search Search. Get a free Consultation. This field is for validation purposes and should be left unchanged. When a defendant uses a cash bond he is required to pay small court fees. On the other hand, if a defendant chooses to use surety bonds, he will pay fees to both the court and the surety company.

Because of the high fees involved, not everyone will prefer surety bonds. We also work with flexible payment plan options to get out with no questions asked. Previous Next. Cash bonds — In Dallas Texas In cash bonds , there are two parties involved, the obligee and the principal. For example, if someone needed New Haven Bail Bonds they would have the option to pay the total in cash or to simply use a surety bond — which is discussed directly below Surety Bonds — In Dallas Texas Surety bonds , on the other hand, have three parties involved, the surety, the obligee and the principal.

Cash bonds vs surety bonds In Dallas TX The biggest difference between cash bonds and surety bonds is that cash bonds have two parties involved while surety bonds have three. About the Author:. Related Posts. Immigration Bonds — What Are They?