Smithville electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Smithville Electric System — the municipally owned electric distributor serving the City of Smithville — lets a customer post a surety bond to secure an electric-service account in place of a cash security deposit. The utility sets the deposit amount at enrollment — premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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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 it to the utility. Here is the whole thing:
Apply online
Your details, the deposit amount the utility required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, so most bonds generate the moment you pay. Larger amounts may get a quick soft-pull review that never affects your score.
Deliver to Smithville Electric System
Submit the executed bond to the utility in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
When a customer opens or reinstates electric service with Smithville Electric System — the City of Smithville’s municipally owned electric distributor, incorporated in 1969 to serve the city and surrounding DeKalb County area — the utility can ask for a security deposit against unpaid bills. Rather than leaving cash on deposit for as long as the account is open, a customer can post a utility deposit surety bond for the same amount instead.
It is a three-party arrangement: you (the principal), the surety carrier, and Smithville Electric System (the obligee). If the account goes unpaid, the utility can recover the unpaid balance against the bond, up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. The deposit requirement is the utility’s own customer-service policy rather than a numbered state statute or city ordinance; we issue the amount the utility confirms, from $100, and the application collects no credit information.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the utility set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Bond your deposit, keep your cash.
From $100. Enter the utility’s deposit amount and deliver the same day. Free until issued.