What is a cash-only bond and how does it work?
Some people who are accused of a crime and awaiting a court date are required to pay a cash-only bond. But what is a cash-only bond and why would a court issue this type of bond over others?
What is a cash-only bond?
In most cases, a defendant can work with a bail bond agent to settle their bail amount. With a bail bond agency, a defendant is typically only required to pay a percentage of the bail amount. However, in some cases, an individual might be asked to pay their bail amount in cash. This is called a cash-only bond, and the defendant is responsible to pay for the full amount of bail in cash (or with a credit/debit card).
There are many ways to come up with the money for a cash-only bond — like selling cars or boats, getting a cash advance from a credit card, or asking a friend or family member to help out.
Why would you be issued a cash-only bond?
A cash-only bond could be considered a form of insurance or even a form of punishment. These bonds are issued by the court when there are certain circumstances at play. Here are a few reasons a cash-only bond might be issued:
- You are considered a high flight risk
- You have warrants from multiple areas
- You have had problems appearing in court before
- You have had problems paying previous fines
Who can post a cash-only bond?
If a defendant needs to post a cash-only bond, there are a few ways to get this done. A family member can post it, the defendant can post it, or a third party can post it.
There are some bail bond agencies that work with cash-only bonds. In some cases, it is preferred to work with a bail bond agency. This is because the court is likely to keep the posted cash if additional fines are issued and apply the cash to pay for those fines.
Do you get a cash-only bond back?
If a defendant is not found guilty of a crime, the cash from a cash-only bond will be refunded. However, if the defendant is found guilty, the court may keep some or all of the cash to pay off fines, penalties, or miscellaneous costs associated with the trial proceedings.
If for some reason the defendant fails to show up to court or does not follow all bail conditions, then the cash could be forfeited and kept by the court.
Have more questions about cash-only bonds?
Here at Cowboy Bail Bonds, we have decades of experience providing Bakersfield with bonds, and we can help you answer more questions similar to “What is a cash-only bond.” If you’d like more information on Bakersfield bail bonds, please give us a call at (661)324-6009 or fill out our online contact form.
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