City of Greenwood utility bonds.
From $100.
The bond the City of Greenwood Public Works accepts in place of a cash utility deposit when you open or carry a commercial service account. The City sets the amount; pricing is 2% of the bond amount, $100 minimum — enter the figure on your utility account at the application to see your exact price.
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How much does a City of Greenwood utility 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 file with the City. Here is the whole thing:
Apply online
Your business details, the deposit amount the City required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, and most applications approve instantly — the executed bond is generated as soon as you pay.
File with the City of Greenwood
Submit the executed bond to the City of Greenwood Public Works / utility department in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond does
When you open a commercial utility account, the City of Greenwood ordinarily collects a cash deposit to secure the bills you'll run up. A utility deposit bond lets you post a surety bond instead — you keep the cash working in your business and the City still has its security.
It is a three-party arrangement: you (the principal), the surety, and the City of Greenwood Public Works (the obligee). If you leave an unpaid utility balance, the City can recover against the bond up to its amount instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays a claim, you repay the surety. Account holders who pay their utility bills treat the bond as a way to free up the cash a deposit would tie up. We issue the amount the City set; pricing is 2% of the bond amount, $100 minimum, and 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
File with the City of Greenwood. Submit the executed bond to the City of Greenwood Public Works / utility department 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 on the spot.
Submit the application with the deposit amount the City required — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other South Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Greenwood utility deposit bond, issued today.
Pricing at 2% of the bond amount, $100 minimum. Enter the deposit the City required and file the same day.