PSO / AEP electric deposit bonds.
From $100.
Public Service Company of Oklahoma (PSO), doing business as American Electric Power, lets a customer post a surety bond in place of a cash deposit to secure an electric-service account. PSO sets the deposit amount from your expected usage or billing history; premiums are priced at 2% of the bond amount, with a $100 minimum.
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How much does a PSO / AEP electric 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 deliver it to PSO. Here is the whole thing:
Apply online
Your AEP account number, the address where service is being established, the deposit amount PSO required, and the effective date.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
Deliver to PSO
Submit the executed bond to Public Service Company of Oklahoma in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
When you open or hold an account with Public Service Company of Oklahoma (PSO), an American Electric Power operating company, the utility can require a security deposit against unpaid bills — standard practice for a new account, an account with a spotty payment history, or an account reclassified after a late payment. Rather than leaving cash on deposit, a customer can post a utility deposit surety bond for the same amount — PSO is protected, and the customer's money stays in their business or household.
It is a three-party arrangement: you (the principal), the surety carrier, and PSO (the obligee). If the account goes unpaid, PSO can recover the unpaid balance against the bond, up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. For most customers the bond is simply a cheaper way to satisfy a deposit requirement than tying up the full amount in cash. We price PSO's amount at 2% of the bond amount, $100 minimum; no credit check up to $15,000.
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
Deliver to PSO. Submit the executed bond to Public Service Company of Oklahoma in place of your cash deposit. Wet-ink originals mailed on request.
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 the moment you pay.
Submit the application with your AEP account number and the deposit amount PSO set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Oklahoma bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Bond your electric deposit, keep your cash.
Premiums from $100. Enter the amount PSO set and deliver the same day. Free until issued.