Berkeley Electric utility bonds.
2% of the bond amount.

The bond Berkeley Electric Cooperative accepts in place of a cash membership deposit when you open, transfer, or reinstate electric service in its Lowcountry territory around Berkeley, Charleston, and Dorchester counties. The Cooperative sets the amount on your account; pricing is 2% of the bond amount, $100 minimum — enter the figure from your membership notice at the application to see your exact price.

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Accepted by Berkeley Electric Cooperative member services in lieu of a cash membership deposit

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Amount set by the Cooperative — typically tied to your estimated monthly usage

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2% of the bond amount, $100 minimum — your exact price appears at the application

2% of amount, $100 mincheckout-verifiedInstantapproval for mostSoft pull onlynever a hard inquiry

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How it works

Apply to filed in one sitting.

No underwriting queue for the standard membership deposit bond — enter your amount, pay, and file with the Cooperative. Here is the whole thing:

TODAY · ONLINE

Apply online

Your details, the deposit amount Berkeley Electric Cooperative required, your county, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, and most applications approve instantly — the executed bond is generated as soon as you pay. If a check ever runs on a larger amount, it is a soft pull that will not affect your score.

SAME DAY

File with the Cooperative

Submit the executed bond to Berkeley Electric Cooperative member services in place of your cash deposit. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the utility deposit bond does

Berkeley Electric Cooperative is a member-owned electric distribution cooperative serving Berkeley, Charleston, and Dorchester counties in the South Carolina Lowcountry. Like most utilities, it collects a deposit to secure the bills a new or higher-risk account will run up before it establishes a payment history — but a surety bond can stand in for that cash.

It is a three-party arrangement: you (the principal), the surety, and Berkeley Electric Cooperative (the obligee). If your account carries an unpaid balance when service ends, the Cooperative can recover against the bond up to its face amount instead of drawing down a cash deposit.

It is not insurance for you — if the surety pays a claim, you repay the surety. Members who keep their accounts current typically use the bond to free up the cash a deposit would otherwise tie up. We issue the amount the Cooperative sets on your account; pricing is 2% of the bond amount, $100 minimum, and the application collects no credit information.

Berkeley Electric Cooperative membership deposit policyBerkeley Electric Cooperative is a member-owned electric distribution cooperative organized under South Carolina's cooperative statutes; as a member-owned utility it sets its own deposit and membership-fee policy rather than filing a rate tariff with the state Public Service Commission. The Cooperative's member services department determines the deposit amount and accepts a surety bond as an alternative to cash. Confirm the exact deposit figure and any bond-form requirements directly with Berkeley Electric Cooperative before applying — we issue whatever amount the Cooperative names.

You need this bond if you are

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Opening a new account with Berkeley Electric Cooperative and asked for a membership deposit

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Reinstating service after a disconnection that triggered a new deposit requirement

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Replacing a cash deposit already on file to free up the capital

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A business or landlord account the Cooperative rates as higher-usage or higher-risk

One application, issued on the spot.

Submit the application with the deposit amount Berkeley Electric Cooperative required — the executed bond is generated instantly, ready to file.

Start the application →

FAQ

Common questions.

How much is the Berkeley Electric Cooperative utility deposit bond?Pricing is 2% of the bond amount, $100 minimum. The amount itself is the deposit Berkeley Electric Cooperative set on your membership account — typically tied to your estimated usage. Enter that figure at the application to see your exact price.

What amount should I enter?Use the deposit figure Berkeley Electric Cooperative gave you on your account notice. If you're unsure, call the Cooperative's member services line and we'll issue whatever amount they name.

What does the bond guarantee?It guarantees the deposit the Cooperative would otherwise hold in cash — that any unpaid balance on your account when service ends can be recovered against the bond, up to its face amount. It backstops the Cooperative's risk, not yours.

Where do I file it?With Berkeley Electric Cooperative's member services department, in place of your cash deposit. We issue the executed bond ready to submit; the Cooperative confirms it against your account.

Is there a credit check?The application collects no credit information, and most applications approve instantly. If a check ever runs, it is a soft pull that never affects your credit score.

Related bonds

Other South Carolina bonds.

Berkeley Electric deposit bond, issued today.

Pricing at 2% of the bond amount, $100 minimum. Enter the deposit the Cooperative required and file the same day.

Start application

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