If you’re looking to post bail, you have options. Knowing the difference between possible routes can help you make an informed decision about which type is best for you to pursue. In this blog, we will be going over some of the key differences between a surety bail bond and cash bail bond.
A surety bail bond is a three-party agreement between you (the principal), the company that backs the bond (bond agency), and the owner (obligee). With this type of bond, the bond company you are working with assumes responsibility to pay the owner if you do not meet your obligations.
However, unlike traditional bonds, you do not need to pay in full, which makes this a great option for those who may not have the money on hand. You will only need to pay the full amount to the surety bail bond agency if you fail to meet your requirements.
On the other hand, a cash bail bond is another great option for those looking to get out of jail. This type of bail only requires two parties: you (the principal) and the owner (obligee).
A cash bail bond requires you to pay the full amount to the owner (obligee), and the advantage to this is that you will have a lower fee associated with payment. For those looking to get the process over and done with quickly, this type of bond is typically a faster route to get you or your loved one out of jail while awaiting trial.
No matter which type of bail bond you decide to go with, our expert bondspeople at Alpha Bonding can help you get out of jail. Whether you take out a surety bail bond or a cash bail bond, once your case is closed, we’ll return your collateral within 10 days.