The Pros And Cons Of Cash Bonds And Bail Bonds

The only way to get out of jail to live at home before and during your trial is to post bail. Now, there are two options for posting bail: paying in cash, or using a bail bond. Let’s explore the pros and cons of each:

CASH BAIL:

Pros:

No third party involved with your bail.
Money is returned as long as you adhere to terms and conditions of bail, such as appearing in court when ordered.
Less paperwork.
No extra fees.
Shows court your bigger promise to return to court – it’s your money (or a loved one’s) on the line.

Cons:

Must have all the money to pay at once. No payment plans.
Failure to show in court means cash bail is kept by court.
Refund is returned in check instead of cash.
Refund can take up to 3 months.
IRS is notified of checks $10,000 or more.

BAIL BOND:

Pros:

Pay only 10% of bail amount to bail agent, meaning you have extra money to spend on other necessary expenses like a lawyer.
Allowed to pay the 10% over a period of time – low monthly payment plans.
If defendant fails to show in court, you are not responsible for paying the full bail amount.
Bail agent knows the process and will be with you the entire time to explain everything.
Bail agent is responsible for making sure defendant goes to court.

Cons:

10% paid is non-refundable.
More paperwork (though the time it takes to release the arrested person may be just as long as if a cash bail was paid).
Third party is involved.

Weigh the pros and cons if you’re ever arrested, or if you know someone who is. Just like having a lawyer is always very helpful, having a bail agent to help you is also very helpful.