City of Oak Ridge deposit bonds.
From $100.
The City of Oak Ridge can require a deposit to open or hold a utility account — a utility deposit bond lets you post a surety bond instead of tying up cash. Pricing is 2% of the deposit amount, with a $100 minimum — enter your amount at the application to see your exact price.
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How much does a City of Oak Ridge deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Utility deposit bonds are quick. Here's the entire process:
Apply online
Enter the deposit amount the City set and an effective date. That is the application. No credit check up to $15,000.
Pay & e-sign
Deposit bonds like this are among the thousands of bond types that issue right after purchase.
File with the City
Your executed bond and power of attorney arrive by email, ready to file with the City of Oak Ridge to open or keep your account. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A utility deposit bond is a payment guarantee. Instead of leaving a cash deposit with the City of Oak Ridge, you post a surety bond that backs your utility bills — if you don't pay, the City can recover against the bond.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Oak Ridge (the obligee). The bond does the same job as a cash deposit at a small annual premium.
The bond stays in force while your account is open. We track the dates and notify you 60 and 30 days out so your utility service is never interrupted over a lapsed bond.
You need this bond if you're
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. Your executed bond and power of attorney arrive by email, ready to file with the City of Oak Ridge to open or keep your account. Wet-ink original 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 instantly.
These are the actual issuing fields. No credit check up to $15,000.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your cash, open your account today.
From $100, no credit check up to $15,000, bond often issued in the same sitting. Free until issued.