The Different Types of Bail Bonds and What Each Means

When a person goes to jail and doesn’t have the money to post bail, they can utilize the best type of bond suited for them. They need to do this because when a person is arrested, they may have to wait several months before going to trial. They don’t want to spend this time sitting in jail if there is a way it can be avoided. The purpose of this bond is to assure the attendance of the defendant each and every time the court requests the person´s appearance until the judge has the opportunity to make a decision on the case.

Hopefully you never have to post bail, but just in case you do, it’s important to always be prepared and know your options when it comes to the different types bail bonds.

Cash Bond

A cash bond is one that is paid in cash. In all cases, you are able to pay for bail in cash instead of other way if you choose. In others, sometimes a cash bond is the only kind that is accepted. This is usually the case when there is a flight risk from the defendant and serves as an incentive to show up to the trial.

Surety Bond

A surety bond is for someone who does not have full access to the amount of money they need at that point in time. This is where a bail bond company steps up and pays the bond for them for a non-refundable service fee. The fee is usually set at 10 percent of the total bail. After this, it becomes the responsibility of the of the bail bond company that the defendant shows in court.

Federal Bond

A person who has been charged with committing a federal crime may need a federal bail bond to be released from jail. Federal crimes are more serious, causing these bonds to also be more expensive. They also require a surety bail bondsman.

Unsecured Bond

An unsecured bail doesn’t require that the money be offered up front. The defendant is required to sign a contract agreeing to pay the court the bail bond amount if he or she does not appear in court.

Immigration Bond

An immigration bond is a type of federal bond that is used for non-citizens who are present in the United States. They are usually more expensive and can cost as much as 15 to 20 percent of the total bail amount depending on a variety of factors, including the level of risk and the type of collateral available.

Property Bond

A property bond involves a pledge of real property by the defendant or anyone willing to put up collateral on behalf of the defendant. Any type of property may be used as long as the person putting up bond has full rights to the property or is authorized to use it. The most common type of property used is real estate. This kind of bond requires that a property be assessed for its value, causing weeks for this to get secured.

Understanding the different types of bail bonds is crucial knowledge to have if you are accused of a crime. If you don’t make bail, you’ll have to wait in jail for your court date, which could take weeks or months in some cases. Your best option is to pay the bail yourself or to find a bail bondsman to sponsor you.

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