Fayetteville PWC deposit bonds.
From $100.
The Fayetteville Public Works Commission (PWC) can require a deposit before turning on commercial utility service — and it accepts a surety bond in lieu of a cash deposit. Instead of tying up cash with PWC, post a bond. The commission sets the amount; premiums start from $100, and no credit check up to $15,000.
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How much does a Fayetteville PWC 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 credit check up to $15,000. Here is the whole thing:
Apply online
Your business details, the deposit amount PWC required, and the effective date — that is the application.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. Above $15,000, a soft pull may add a short review.
File with the Public Works Commission
Submit the executed bond to PWC in place of your cash deposit, and your utility account can be set up. Wet-ink originals mailed whenever PWC insists.
What it is and who needs it.
What the deposit bond actually covers
The City of Fayetteville Public Works Commission (PWC) is the municipal utility serving Fayetteville with electric, water, and sewer. Like most utilities, PWC can require a deposit on a commercial account as security against unpaid bills — and it accepts a surety bond in lieu of that cash deposit.
The bond runs to the Public Works Commission of the City of Fayetteville as obligee. It guarantees payment of your utility charges up to the bond amount — so instead of leaving a large cash deposit with PWC, you post a bond and keep your working capital.
It is a guarantee, not insurance for you: if you leave unpaid utility bills, PWC can recover against the bond, and if the surety pays, you repay the surety. The bond amount is the deposit figure PWC sets, generally tied to your estimated usage.
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 the Public Works Commission. Submit the executed bond to PWC in place of your cash deposit, and your utility account can be set up. Wet-ink originals mailed whenever PWC 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 PWC required — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other North Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
PWC deposit bond, issued today.
Premiums from $100. Post a bond instead of a cash deposit and keep your capital.