Naperville utility deposit bonds.
From $100. Enter your amount.
The City of Naperville's Finance Department requires new utility customers to post a deposit before service begins — $150 for electric service (or two months of estimated charges, whichever is greater) and $100 for water/wastewater service (or two months of estimated charges, whichever is greater) under the Naperville Municipal Code. A surety bond in the deposit's place costs 2% of the bond amount, $100 minimum. Enter the deposit amount your account requires and your exact price appears at the application.
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Apply to filed in 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 on the soft pull, which never affects your score — 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, after a quick soft credit check that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Turn on service without tying up cash.
Premiums from $100, soft pull only. Enter your required deposit amount and file with Utility Billing the same day.