Colorado Springs Utilities deposit bond.
From $125.
A surety bond Colorado Springs Utilities (CSU) accepts in place of a cash deposit when opening a utility account — so your working capital stays in your business instead of sitting with the utility. CSU sets the deposit amount; pricing is 2% of the bond amount plus a $25 fee, $125 minimum, calculated instantly at the application.
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How much does a Colorado Springs Utilities deposit bond cost?
2% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard CSU deposit bond — enter your amount, pay, and file with Colorado Springs Utilities. Here is the whole thing:
Apply online
Business details, the deposit amount CSU required, and an effective date — that is the application.
Issued on the spot
No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with Colorado Springs Utilities
Submit the executed bond to CSU's customer accounts office in place of your cash deposit. Wet-ink original on request.
What it is and who needs it.
What the bond actually guarantees
Colorado Springs Utilities is the municipally owned, four-service utility (electric, natural gas, water, wastewater) for Colorado Springs. When it opens an account — especially a commercial account or one without established billing history — it can require a deposit. A surety bond is a payment guarantee CSU accepts in place of that cash, so your money stays in your business.
It is a three-party arrangement: you (the principal), the surety carrier, and Colorado Springs Utilities (the obligee). If the account goes unpaid, CSU can recover against the bond up to its amount, the same way it would draw on a cash deposit.
It is not insurance for you — if the surety pays a claim, you repay the surety. Pay your utility bills and the bond is simply a substitute for tied-up cash. We issue the amount CSU set, pricing from $125.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Colorado Springs Utilities. Submit the executed bond to CSU's customer accounts office in place of your cash deposit. Wet-ink original on request.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $125 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount Colorado Springs Utilities set — the executed bond is generated instantly, ready to file. No credit check up to $15,000.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Free up your CSU deposit cash today.
Pricing from $125. Enter the deposit amount CSU set and file the same day.