City of Oak Ridge deposit bonds.
From $100. Keep your cash.
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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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's the application — no financials, no credit section.
Pay & e-sign
Deposit bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
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
One application, issued instantly.
These are the actual issuing fields — no credit section, because this bond's application doesn't collect credit information.
Start the application →Common questions.
Other Tennessee bonds.
Keep your cash, open your account today.
From $100, no credit review, bond often issued in the same sitting. Free until issued.