Ameren Illinois utility deposit bonds.
From $125.
When Ameren Illinois asks for a security deposit before connecting or continuing electric or natural gas service, its Utility Payment Bond form accepts a surety bond in place of that cash deposit, for the deposit amount on your Ameren notice. Premiums cost 2% of the bond amount plus a $25 fee, $125 minimum.
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How much does an Ameren Illinois utility 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 long underwriting queue for a standard utility deposit bond — enter your amount, pay, and forward the bond to Ameren. Here is the whole thing:
Apply online
Your account details, the deposit amount Ameren calculated, the service address, and the effective date — that is the application.
Issued
No credit check up to $15,000, and most applications approve instantly. No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Send it to Ameren
Forward the executed bond and power of attorney to Ameren Illinois's Credit Department in place of the cash deposit noted on your account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
A utility deposit bond is a payment guarantee, not insurance for you. When Ameren Illinois requires a security deposit to protect against unpaid bills — typically from a new customer without an established payment history, or an account with a history of late payment or disconnection — its Utility Payment Bond names Ameren Illinois, an Illinois corporation, as obligee and binds the customer (principal) and a surety company to pay all due and just bills incurred under the customer's electric or natural gas service agreement.
Illinois utility deposits generally are not unlimited: the Illinois Commerce Commission's rules governing gas, electric, water and sewer service (83 Ill. Adm. Code 280.40) cap a required deposit at one-sixth of a residential or small-business customer's estimated annual charges — one-third for other non-residential accounts. Ameren sets the specific dollar figure for your account and states it on your deposit notice; the bond is written for that amount.
If the customer fails to pay, the surety pays Ameren up to the bond's penal sum, and the customer then owes the surety. There is no cash tied up on your balance sheet or bank line the way a deposit ties up cash — you pay a one-time premium from $125 instead. We price it at 2% of the deposit amount Ameren set, and no credit check up to $15,000.
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
Issued. No credit check up to $15,000, and most applications approve instantly. No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
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 instantly.
These are the actual underwriting fields, including the deposit amount from your Ameren notice. No credit check up to $15,000 — most applications clear on the spot.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Premiums from $125, no credit check up to $15,000 in the application. Enter your Ameren deposit amount and send the bond the same day.