MI Consumers Energy deposit bonds.
From $100. Enter your amount.
When Consumers Energy asks a new or higher-risk account for a security deposit before turning on electric or natural gas service, a surety bond in the same amount stands in for the cash — so the money stays in your account instead of sitting with the utility for a year or more. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard deposit bond — enter your amount, pay, and send the bond to Consumers Energy. Here is the whole thing:
Apply online
Your account details, the deposit amount Consumers Energy named, and the effective date — that is the entire application.
Issued
No credit fields in the application, and most applications approve instantly. If a check ever runs, it is a soft pull that will not touch your score.
Send it to Consumers Energy
Your executed bond arrives by email, ready to send to Consumers Energy in place of the cash deposit on your account. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
Consumers Energy — the electric and natural gas utility serving most of Lower Michigan — can require a new account, an account with a poor payment history, or a reconnection to post a security deposit before service starts or continues. That deposit protects the utility if the account later goes unpaid; it does not cover your usage charges themselves.
Rather than tie up cash with the utility — often for a year or more before it is refunded or credited — an applicant can instead post a surety bond in the same dollar amount. The bond gives Consumers Energy the same protection: if the account becomes delinquent, the utility can draw on the bond up to the deposit figure it set. If the surety pays a claim, you repay the surety — the bond is not insurance for you, and it is not a source of funds you can draw on.
The deposit amount itself is set by Consumers Energy account by account, not by a fixed statewide figure, and it can vary with your service class, prior payment history, and expected usage. Enter the exact figure on your account notice; we price the bond from a $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields — no credit section. Enter the deposit amount Consumers Energy set and see your price at the application.
Start the application →Common questions.
Other Michigan bonds.
Keep your cash. Post the bond instead.
Enter the deposit amount Consumers Energy set, see your exact price at the application, and send the executed bond the same day. Free until issued.