For those who are needing to apply for a bond while in jail, it is important to understand the different types of bonds available. Each bond is dependent upon the jurisdiction, city, and state that the bonding is taking place in. Each bond also has a different method of release for an individual. There are four main types of bonds, cash, surety, immigration, and Federal Bail Bonds.
Types of Bail Bonds
Cash Bonds. Cash bonds are typically used in situations where are a defendant, family member or friend requests to pay cash for the individual’s bail. When the defendant has completed their court dates and meets all of the probationary terms, the money is returned back to the payee in whole.
Surety Bonds. Surety bonds allow for a family member or friend of the defendant to contact a professional bondsman to assist in the bail process. A surety bond typically includes some sort of collateral for the required bail amount. The individual signing for the bail will also have to pay a non-refundable fee as part of the collateral.
Immigration Bonds. Immigration bonds are given to those who may have committed a crime that involves foreign nationals and non -US citizens. Immigration bonds are also very expensive because they require a bondsman to take on a large amount of risk.
Federal Bonds. A federal bond is the least common of all of the bonds available. They are used in the case of a federal crime such as embezzlement, bank robbery, counterfeiting, etc. They are also the most expensive of the bonds. It is important to use a well-experienced bail bondsman when applying for Federal Bail Bonds to ensure that the process goes smoothly.
Bail bonds can be very beneficial for those who have found themselves in a predicament. However, it is highly recommended that a professional bail bond company, such as Strike Three Bonds, is used in the process. A professional will guarantee accurate and reliable information throughout the process. For more information on how bail bonds can benefit you or a loved one, contact a bail bond company as soon as possible. You can also visit them on Facebook for more information.