Naperville utility deposit bonds.
From $100.
A surety bond takes the place of the deposit the City of Naperville's Finance Department requires from new utility customers before service begins: $150 for electric service and $100 for water/wastewater service, or two months of estimated charges, whichever is greater. It costs 2% of the bond amount, $100 minimum.
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How much does a Naperville utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No cash-deposit wait for new service — enter your required deposit amount, pay the premium, and file with Utility Billing. Here is the whole thing:
Apply online
Your details, the utility account or service address, the deposit amount Naperville set for your account, and the effective date.
Approved
Most utility deposit bonds clear quickly — pricing is 2% of the bond amount, $100 minimum.
File with Utility Billing
Your executed bond arrives by email, ready to submit to the Finance Department in place of the cash deposit for your utility account.
What it is and who needs it.
What the utility deposit bond actually guarantees
A utility deposit bond stands in for the cash security deposit the City of Naperville requires before it turns on electric or water/wastewater service for a new customer. Instead of tying up cash for up to two years, the customer posts a surety bond of the same amount.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Naperville (the obligee). If your utility account goes unpaid, the City can draw on the bond up to the deposit amount to cover the shortfall — and if the surety pays, you repay the surety. It protects the City's utility fund, not insurance for your own account.
Naperville sets electric deposits at $150, or two months of estimated charges, whichever is greater, and water/wastewater deposits at $100, or two months of estimated charges, whichever is greater, under Naperville Municipal Code §8-1C-3.12 (electric) and §8-2C-8 (water/wastewater). Property-owner deposits are typically returned after two years of on-time payment; renter deposits are applied to the final bill at move-out. Enter the deposit figure Utility Billing set for your account; your premium is priced at 2% of it, $100 minimum. 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
File with Utility Billing. Your executed bond arrives by email, ready to submit to the Finance Department in place of the cash deposit for your utility account.
What sets the price
The premium is 2% of the bond amount, $100 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 issuing fields. No credit check up to $15,000. Your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Turn on service without tying up cash.
Premiums from $100, no credit check up to $15,000. Enter your required deposit amount and file with Utility Billing the same day.