There are general three types of bail bonds, cash bonds, surety bonds, and property bonds. This blog post will go in depth about cash bonds. Bailing someone out if jail is a complicated situation. Knowing what kind of bail is best for you is a great way to make the process a little easier. A cash bond is one that is paid in cash in full at the time of release. This is a great way to go if the bail is a relatively small amount of money and you are ready to pay.
Why pay with a cash bond? Paying bail with a cash bond is a quick and easy way to get through the process. The release process is typically faster when paying with a cash bond, which will ensure that your loved one is safe at home. After the legal matter is figured out, you will get the majority of your money back. The court will keep a percentage for court costs and fees, and it might take a few months to be completely refunded, but overall it will be a painless process. Paying with a cash bond will also show the court and judge that you have means to support yourself, which will make you look like a more responsible defendant.
What is the downside to a cash bond? The typical issue for a cash bond is not having enough cash to pay it. This is mostly used for very minimal bonds, a couple thousand dollars or so. If your loved one’s bail is a large amount, it will be extremely hard to come up with the money to pay a cash bond in full. Another issue of a cash bond is waiting to get your refund at the end. Each state and county do this differently. Some will give you your full amount right back, while others will only give you a percentage back at the end of the case. Also, if the defendant does not show up to court, the court will keep your entire cash bond.
A cash bail bond is usually assigned by the court to ensure that a defendant will have a difficult time posting their bail. However, a cash bond can be used for almost any bail amount. While other types of bail bonds cost less money or no money at all, paying with a cash bond is a quick way to do it, and it also ensures that you will not have to pay for it again. Cash bonds are perfect if you have the amount of money ready and want your loved one home quick. If you have any questions on the types of bail bonds or need to bail someone out of jail, give us a call or fill out our contact form!