There are four major types of bail bonds. However, they can differ a bit depending on the jurisdiction, state, or city that the bond takes place. The major types of bail bonds used to secure someone’s release from the jail cash bonds, surety bonds, immigration bonds, and federal bonds. Every kind of bond has a way of releasing an individual from jail.
This type of bond is used when a friend, a family member, or a defendant requests to pay cash for the bail. After completing the needed probationary terms and shows up in court, the money is refunded in whole. This is not a good idea as bail costs thousands of dollars. You can save the cash for immediate or important needs. Instead of using cash to obtain a release from jail, the money can be used in business. This type of bond is quite popular among elite persons, professional athletes, celebs, and other exclusive groups.
This is another vital choice as far as getting a release from jail is concerned. Once an individual has been arrested and taken into custody, he or she can contact an indemnitor like a bail bondsman to help him or her in the bail process. Usually, this type of bond has a form of collateral needed. This is because the individual released on bail may have ongoing court stipulations like counseling and drug testing. Thus, the person seeking the bond will have to pay a non-refundable fee, which is usually a percentage of the whole bail amount.
These bonds are not quite common as compared to the above ones. They are used only when a federal crime is committed. Some of the crimes include tax evasion, kidnapping, embezzlement, aircraft hi-jacking, bank robbery, counterfeiting, and more. Unfortunately, these bonds are quite expensive as compared to other types of bail bonds. Using an experienced and reputable bail bond service for the federal bonds is a good idea.
You should note that these types of bonds are quite complicated. They are complicated because of the crimes that involve non-citizens and foreign nationals. Just like federal bonds, they are quite expensive as they require a bail bond service company to take a great risk.
Bail bonds may be quite confusing. This explains why it is a good idea to consult a licensed and professional bail agent to offer you accurate information on the bail bonds and the manner in which they are used in the legal industry.