Guntersville electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit with the Electric Board of Guntersville, a customer can post a surety bond for the same amount. The board sets the deposit figure, usually sized to your estimated or historical usage, and covers the address the bond names; 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 the Electric Board of Guntersville. Here is the whole thing:
Apply online
Your business or account details, the address the deposit covers, the deposit amount the board 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 the Electric Board
Submit the executed bond to the Electric Board of Guntersville in place of the cash deposit on your account. Wet-ink originals mailed whenever the board insists.
What it is and who needs it.
What the utility deposit bond actually covers
The Electric Board of Guntersville is the municipal electric utility serving Guntersville and part of Marshall County, Alabama. 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, tied to the service address it names: it stands behind the electric charges on your account. If the account goes unpaid and the deposit would have covered it, the Electric Board of Guntersville can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays the board, 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 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 the board 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 the board set and file the same day.