Fayetteville Public Utilities deposit bonds.
From $100. Enter your amount.
Fayetteville Public Utilities (FPU), the municipal electric, gas, and water system serving Fayetteville, Tennessee, requires a security deposit under its published deposit policy. General-service (commercial/industrial) accounts are sized at two average monthly utility bills, and FPU's policy names a utility payment bond among the accepted alternatives to cash. Pricing on the bond is 2% of the bond amount, $100 minimum, so your exact price appears at the application.
Trusted by industry leaders
Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to FPU. Here is the whole thing:
Apply online
Your business details, the deposit amount Fayetteville Public Utilities set for your account, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applicants issue instantly. Larger amounts may get a quick review.
Deliver to Fayetteville Public Utilities
Submit the executed bond to FPU to satisfy the deposit requirement on your electric, gas, or water account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Fayetteville Public Utilities provides electric, gas, and water service to Fayetteville, Tennessee and Lincoln County. Under its Security Deposit Policy, residential accounts post a cash deposit (adjusted for credit risk), while a general-service (commercial/industrial) account posts a deposit equal to two average monthly utility bills — and FPU's policy accepts alternatives to cash, including "cash, assignments on a CD or savings account, irrevocable letter of credit from an approved financial institution, or a utility payment bond."
The bond is a guarantee to FPU that your utility charges will be paid. If a general-service account goes unpaid and is closed with a balance owed, FPU can recover against the bond up to the deposit amount, rather than against cash it would otherwise hold. Using a bond instead of cash frees up working capital for the business.
It is not insurance for you — if the surety pays FPU on a claim, you repay the surety. Enter the deposit figure FPU set for your account and your exact price appears at the application, from a $100 minimum, with no credit information collected.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount FPU set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
FPU deposit bond, issued today.
Pricing from $100. Enter the deposit FPU set and deliver it the same day.