AEP / Appalachian Power deposit bonds.
2% of the bond amount.

Appalachian Power, the American Electric Power operating company serving southwest Virginia, can require a business customer to post a security deposit or suitable guarantee before energizing or continuing service. Instead of tying up cash, the account holder can post a surety bond for the same amount. Pricing is 2% of the bond amount plus a $25 fee, $125 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Accepted by Appalachian Power (AEP) in place of a cash security deposit on a Virginia account

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Amount equals the deposit Appalachian Power set for your account — based on your estimated usage

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2% of the bond amount plus a $25 fee, $125 minimum — no credit review of any kind

2% of amount + $25 fee$125 minimumNo credit reviewnot even a soft pullFastissued the moment you pay

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How it works

Apply to filed in one sitting.

No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to Appalachian Power. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, your Appalachian Power account and service address, the deposit amount the company set, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

SAME DAY

Deliver to Appalachian Power

Submit the executed bond to Appalachian Power to satisfy your deposit requirement and keep service connected. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the utility deposit bond actually does

Appalachian Power is the American Electric Power operating company that serves electric customers across southwest Virginia. Like other utilities regulated by the Virginia State Corporation Commission, it can require a business customer to post a security deposit or suitable guarantee as security for payment of bills, and it lets account holders satisfy that requirement with a surety bond instead of cash.

The bond is a guarantee to Appalachian Power that your electric charges will be paid. If the account is closed with an unpaid balance, the company 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 Appalachian Power, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the utility. Enter the figure Appalachian Power set and see your exact price — the bond issues the moment you pay, with no credit review of any kind.

Appalachian Power — customer deposit requirementAppalachian Power's own security-deposit terms state that a customer may be required to make a deposit or suitable guarantee as security for payment of bills, required at any time before or after service is commenced. The company directs business customers to contact it directly for the amount and terms that apply to a commercial account; this bond is written for the deposit amount Appalachian Power sets. We have not cited a specific tariff rule number for the surety-bond option because it is not published on the company's public deposit page — send us your Appalachian Power deposit notice and we will confirm the amount and, if needed, verify acceptance with the company before you buy.

You need this bond if you are

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Opening a new Appalachian Power commercial account the company asked you to secure with a deposit

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A business setting up new service and asked to post a security deposit based on estimated usage

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Reconnecting service after a balance triggered a deposit requirement

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Freeing up cash by bonding the deposit instead of leaving it on deposit with the utility

One application, issued on the spot.

Submit the application with the deposit amount Appalachian Power set — the executed bond is generated instantly, ready to deliver.

Start the application →

FAQ

Common questions.

How much is the Appalachian Power utility deposit bond?Pricing is 2% of the bond amount plus a $25 fee, $125 minimum. The amount itself is the deposit Appalachian Power set for your account. Enter that figure and your exact price appears at the application.

Do I pay the full deposit?No. You pay the bond premium — from $125 — instead of leaving the full deposit in cash with Appalachian Power. The bond amount is the surety’s maximum liability if your account goes unpaid.

Will Appalachian Power accept a bond instead of cash?Appalachian Power directs business customers to contact it directly to confirm deposit terms for a commercial account. Confirm with the company that a bond satisfies your account and what amount they require, then we issue it for that figure.

Is there a credit check?No. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

What amount should I enter?Enter the exact deposit figure on your Appalachian Power notice. If you do not have it yet, ask the company what deposit they require for your account, then come back and enter it — the premium updates instantly.

Related bonds

Other Virginia bonds.

Free up cash instead of leaving it on deposit.

Rated at 2% of the bond amount plus a $25 fee, $125 minimum. Enter the figure Appalachian Power set and deliver the executed bond the same day.

Start application

Your premiumfrom $125

Apply now →