4 Types of Bail Bond Services
As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. The 4 most used bond services used to help a person have a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.
Like what’s mentioned earlier, every bond has different uses and purpose. With this in mind, if you want to learn more about this matter, I highly recommend that you keep reading.
Number 1. Cash bonds – these bonds are used in instances when the family members, friend or defendant themselves requested to pay their bail in cash. As soon as the defendant has completed the requirement for their probationary terms of arrest and has showed up in all court hearings, the money will be returned in whole. However, you should know that this is not recommended as bail because it costs thousands of dollars.
Rather than using the money for a release from jail, the money can instead be used for doing more significant or immediate needs. On the other hand, the elite, professional athletes, celebrities and several exclusive groups are oftentimes uses this kind of bond.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. In surety bonds, it works when a person is arrested and is taken into custody, they or another person may contact professional indemnitor like a bail bondsman to help with the bail process.
Fact is, these are the types of bail bonds that include collateral for the amount of bail required. The reason for this is that, the person who’ll be released will still need to attend questioning on the court like drug testing, counseling and so on which has to be completed or else, it’s the indemnitor who will be accountable of the bail amount.
Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is because they are only used in case of federal crime similar to tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and many more. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this may seem to be self-explanatory to many but the thing is, it’s way more complicated than what it looks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.
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