Families often ask how much a bail bond costs, but the honest answer is that it depends. This article explains the terms involved so you can ask better questions. It does not state a rate that applies to everyone.
Bail amount versus bondsman premium
These are two different numbers. The bail amount is the amount set by the court to secure a defendant’s release. The premium is the fee you pay a bail bond company for posting a bond on the defendant’s behalf. You don’t pay the full bail amount to a bail bond company; you pay the agreed premium and sign the required agreement.
Who sets the bail amount
Bail is set by the court, not by a bail bond company. A judge or magistrate considers the circumstances of the case, and the amount can differ between cases and charges. A bail bond company cannot raise or lower the bail amount.
A hypothetical example
This is a hypothetical illustration only, not a quote or a statement of any universal rate.
Suppose bail is set at $10,000, and for the sake of the example the premium is 10%. In that example, the premium would be $1,000. Your actual cost depends on the bond, the company’s terms and your situation, so ask for the figures in writing before you sign.
Why actual cost varies
Several factors can influence what a bond costs and what is required, such as:
- The bail amount and the number of charges or bonds
- The terms of the particular bail bond company and agreement
- Whether collateral or a cosigner is requested
- The details of the case
Because of this, be cautious about any source that promises a single price for everyone.
Refundability of premium versus a court-held cash bond
These work differently. A bail bond premium is generally the fee for the company’s service, so ask directly whether any part of it is refundable and get the answer in writing. A cash bond is money paid to the court. Court-held funds may be returned after the case is resolved according to the court’s rules, and the court may apply fees or other amounts. Ask the court or an attorney how it applies to your case.
Cash bond versus surety bond
With a cash bond, the full bail amount is paid to the court. With a surety bond, a licensed bail bond company posts the bond on the defendant’s behalf, and you pay a premium and sign an agreement. Which option fits depends on what is available to the family and what the court allows.
Collateral and when it may be returned
In some cases a company may request collateral, which is property or another asset offered as security. Whether collateral is required depends on the situation and agreement. In general, collateral may be returned when the bond is discharged and the obligations in the agreement are met. Ask the company to explain, in writing, what is held, how it is protected and when it is released.
Responsibilities of a cosigner
A cosigner (also called an indemnitor) signs the agreement and takes on responsibilities, which can include making sure the defendant appears in court and meeting the payment and other terms in the contract. Read the agreement carefully, because signing creates real obligations. If you have questions about what you are agreeing to, ask before you sign, and consider speaking with an attorney.
Questions to ask before signing
- What is the total premium, and what exactly does it cover?
- Is any part refundable, and under what conditions?
- Is collateral required? How is it held, and when is it returned?
- What are the cosigner’s responsibilities?
- Are there payment plan terms, and are they written in the agreement?
- What happens if the defendant misses a court date?
- Are there any additional fees?
A reputable company will answer these questions plainly.
For questions about bail bond costs in Fort Worth or Tarrant County, call David Gallagher Bail Bonds at 817-831-8881. Our team can explain the available options and requirements for your situation.
