BVU Authority deposit bonds.
2% of the bond amount.
Bristol Virginia Utilities (BVU) Authority, the municipally owned electric, water, and telecommunications provider for the City of Bristol, can require a customer to post a security deposit based on the account’s credit history before starting 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, $100 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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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 BVU Authority. Here is the whole thing:
Apply online
Your business details, your BVU account and service location, the deposit amount BVU set, and the effective date — that is the entire application.
Issued on the spot
The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
Deliver to BVU Authority
Submit the executed bond to BVU Authority to satisfy your deposit requirement. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
BVU Authority is the political subdivision that operates Bristol, Virginia’s municipally owned electric, water, and telecommunications systems. Under its own service terms, BVU requests a credit report and can require a security deposit before an application for service is processed. A surety bond in place of that cash deposit lets a customer satisfy the requirement without fronting the funds.
The bond is a guarantee to BVU Authority that your account charges will be paid. If the account is closed with an unpaid balance, BVU 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 BVU Authority, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the authority. Enter the figure BVU set and see your exact price — the bond issues the moment you pay, with no credit review of any kind.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount BVU Authority set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Virginia bonds.
Free up cash instead of leaving it on deposit.
Rated at 2% of the bond amount, $100 minimum. Enter the figure BVU Authority set and deliver the executed bond the same day.