McPherson BPU deposit bonds.
From $100.
Instead of tying up cash as a security deposit with the McPherson Board of Public Utilities, the city-owned water and electric utility in McPherson, Kansas, an applicant for service can post a surety bond for the same amount. McPherson BPU sets the deposit figure, and the premium is 2% of the bond amount, $100 minimum.
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How much does a McPherson BPU 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 underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with McPherson BPU. Here is the whole thing:
Apply online
Your account or business details, the property address, which utility (water or electric) the deposit covers, and the deposit amount McPherson BPU set — that is the application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with McPherson BPU
Submit the executed bond to McPherson BPU in place of the cash deposit on your account. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the utility deposit bond actually covers
The McPherson Board of Public Utilities is the city-owned utility that supplies water and electric service to McPherson, Kansas. Like most municipally owned utilities, it can require a security deposit from a new customer, a customer without an established payment history in the city, or an account being reinstated — set under the Board's own deposit schedule rather than a state tariff. Rather than leave that cash sitting with the utility, McPherson BPU accepts a surety bond for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the water or electric charges on your account. If the account goes unpaid and the deposit would have covered it, McPherson BPU can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays McPherson BPU, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure McPherson BPU set on your account notice, and specify whether it covers your water or electric service, for your exact price.
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 McPherson BPU. Submit the executed bond to McPherson BPU in place of the cash deposit on your account. Wet-ink originals mailed whenever the office insists.
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 on the spot.
Submit the application with the deposit amount McPherson BPU set and which utility it covers — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Kansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
McPherson BPU deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit McPherson BPU set and file the same day.