Ameren Illinois utility deposit bonds.
From $100. Enter your amount.
When Ameren Illinois asks a customer to post a security deposit before connecting or continuing electric or natural gas service, its own Utility Payment Bond form accepts a surety bond in place of that cash deposit — a guarantee, payable to Ameren Illinois, that the customer will pay all bills incurred under the service agreement. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information. Enter the deposit amount on your Ameren notice and your exact price appears at the application.
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Apply to filed in 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 entire application.
Issued
The application collects no credit information, and most applications approve instantly. If a check ever runs on a larger deposit, it is a soft pull that will not touch 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 $100 instead. We price it at 2% of the deposit amount Ameren set, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including the deposit amount from your Ameren notice. No credit fields — most applications clear on the spot.
Start the application →Common questions.
Other Illinois bonds.
Skip the cash deposit.
Premiums from $100, no credit fields in the application. Enter your Ameren deposit amount and send the bond the same day.