MLGW utility deposit bonds.
Flat 3%. Enter your amount.
Memphis Light, Gas and Water (MLGW) — the municipal utility serving Memphis and Shelby County — can require a deposit to open or hold an electric, gas, or water account, and it accepts a surety bond in place of tying up cash. Enter the deposit MLGW set, and we issue the bond at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to MLGW. Here is the whole thing:
Apply online
Your business details, the deposit amount MLGW set, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Deliver to MLGW
Submit the executed bond to Memphis Light, Gas and Water to open or release the hold on your account. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the deposit MLGW set and the premium updates.
What it is and who needs it.
What the utility deposit bond actually does
Memphis Light, Gas and Water (MLGW) is the largest three-service municipal utility in the country, providing electric, natural gas, and water to Memphis and Shelby County. Like most utilities, it can require a deposit to open a new account — especially for commercial customers — and it accepts a surety bond instead of cash.
The bond is a guarantee to MLGW that your utility charges will be paid. If the account goes unpaid and is closed with a balance owed, MLGW can recover against the bond up to the deposit amount — rather than against a cash deposit it would otherwise hold.
It is not insurance for you — if the surety pays MLGW, you repay the surety. The advantage is cash flow: you pay 3% of the deposit amount instead of locking up the full deposit with the utility. Enter the figure MLGW set and we issue it at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the deposit amount MLGW set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the MLGW utility deposit bond? +
Do I pay the full deposit? +
Will MLGW accept a bond instead of cash? +
Is there a credit check? +
What amount should I enter? +
Other New York bonds.
MLGW deposit bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the deposit MLGW set and deliver it the same day.