BGMU electric deposit bonds.
Flat 3%. Enter your amount.
Instead of tying up cash as a security deposit, a customer of Bowling Green Municipal Utilities (BGMU) can post a deposit bond for electric service. BGMU sets the deposit amount; we issue the bond at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with BGMU. Here is the whole thing:
Apply online
Your details, the deposit amount BGMU required, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with BGMU
Submit the executed bond to Bowling Green Municipal Utilities in place of your cash deposit for electric service. Wet-ink originals mailed whenever BGMU insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the deposit BGMU required and the premium updates.
What it is and who needs it.
What the utility deposit bond actually does
Bowling Green Municipal Utilities (BGMU) is the municipal utility serving Bowling Green, Kentucky. Like most utilities, BGMU can require a security deposit before establishing electric service for a new or higher-risk account, to protect against unpaid bills.
A utility deposit bond is a surety alternative to that cash deposit. Instead of leaving the full deposit sitting with BGMU, you post a bond for the same amount — BGMU is the obligee, and the bond guarantees payment of your electric charges up to the bond amount.
If you leave bills unpaid and BGMU is harmed, it can recover against the bond — and if the surety pays, you repay the surety. We issue the amount BGMU set, at a flat 3% with no credit check, freeing up the cash you would otherwise have on deposit.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the deposit amount BGMU set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the BGMU electric deposit bond? +
Why use a bond instead of a cash deposit? +
Is there a credit check? +
What does the bond guarantee? +
What amount should I enter? +
Other New York bonds.
Skip the cash deposit.
Five-minute application, flat 3%, $275 minimum. Enter the deposit BGMU required and keep your cash.