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 frequently used bond services to help a person get a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.
Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. I strongly suggest that you keep reading if you like to learn more about this.
Number 1. Cash bonds – cash bonds are used in situations when the friend, family members or defendant himself has requested to pay cash for the bail. 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.
As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – after arrest, this is another sought type of bond being used. 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 of the matter is, these bails are usually including a form of collateral for the amount of bail required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is all because of the fact that they will be used in federal crimes including tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and so on. 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. This is complicated because it is made for crimes that involve foreign nationals and like federal bonds, the bail bondsman takes bigger risks and thus, it is expensive.