VA utility deposit bonds.
2% of the bond amount.
A Virginia electric, gas, or water utility regulated by the State Corporation Commission (SCC) may ask a new or higher-risk customer to guarantee future bills with a security deposit, capped at two months’ estimated usage under 20VAC5-10-20. Many Virginia utilities let a customer post a surety bond instead of tying up that cash. Pricing is 2% of the bond amount, $100 minimum, and the bond issues the moment you pay — no credit review of any kind, not even a soft pull.
Trusted by industry leaders
Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and send the bond to your utility. Here is the whole thing:
Apply online
Your business details, the utility that billed you, the deposit amount it set, and the effective date — that is the entire application.
Issued on the spot
The application runs no credit review of any kind, not even a soft pull. Premium is 2% of the bond amount, $100 minimum.
Send it to your utility
Your executed bond and power of attorney arrive by email, ready to submit to the utility in place of a cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Under 20VAC5-10-20, a Virginia public utility regulated by the State Corporation Commission may require a deposit from a customer to protect against an uncollectible account. The rule caps that deposit at the equivalent of the customer’s estimated liability for two months’ usage.
The rule itself sets the cap; it does not require the utility to accept anything other than cash. In practice, many Virginia electric, gas, and water utilities let a commercial or residential customer post the written guarantee of a surety instead of leaving that cash on deposit for months — confirm with the utility that billed you that it accepts a bond before you apply.
It is not insurance for you — if the surety pays your utility on a default, you repay the surety. Ask the utility for the exact deposit figure it calculated, enter it here, and your premium is priced from a $100 minimum with no credit review of any kind, not even a soft pull.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount your utility calculated. The application runs no credit review of any kind, not even a soft pull.
Start the application →Common questions.
Other Virginia bonds.
Skip the cash deposit.
Rated at 2% of the bond amount, $100 minimum, no credit review. Enter the figure your utility calculated and send the bond in today.