Cullman Power Board deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit with the Cullman Power Board (the Utilities Board of the City of Cullman's electric division), a customer can post a surety bond for the same amount. Cullman Power sets the deposit figure, usually sized to your estimated or historical usage; the premium is 2% of the bond amount, $100 minimum — enter your amount below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with Cullman Power. Here is the whole thing:
Apply online
Your business or account details, the deposit amount Cullman Power set, and the effective date — that is the entire application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. The application collects no credit information; if a check ever runs on a larger amount, it is a soft pull that never touches your score.
File with Cullman Power
Submit the executed bond to the Cullman Power Board in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
The Cullman Power Board, the electric division of the Utilities Board of the City of Cullman, distributes power purchased from the Tennessee Valley Authority to businesses and residents within the city. When you open or hold an account, the board can require a security deposit — sized to your estimated or historical usage — and, as with most municipal electric boards, will accept a surety bond in place of that cash deposit.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric charges on your account. If the account goes unpaid and the deposit would have covered it, the Cullman Power Board can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays the utility, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure the Cullman Power Board set on your account and your exact price appears at the application.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Cullman Power set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Alabama bonds.
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit Cullman Power set and file the same day.