Do You Get Bail Money Back?

You might be asking, “Will I get my bail money back?”

Well, the answer is that “it depends.”

Getting your bail money back hinges on whether or not you meet the requirements of the court.

Note: If you are wondering if you get your bail premium back, then the answer is no. Your bail bond premium (what you pay to your bail bond agency for their services) is non-refundable.

In the state of Nevada, bail bond premiums are set at 15% of the total bail amount, so if your bail is set at $10,000, you will be left with a premium of $1,500. Many people cannot afford to pay $1,500 out of pocket, which is why having a flexible payment plan for your bail bond is important.

If you are in the Las Vegas area and are scouting out bail bond agencies with highly flexible plans, All N One Bail Bonds may be the right choice for you.

Call us anytime at (702) 333-2663 to talk to one of our bail experts. We are available 24/7.

How Different Types of Bail Are Returned

Cash Bond

Cash bonds are a type of bail that can be used to facilitate the release of an individual who has been apprehended and charged with a crime.

In order to provide a cash bond, the individual must post a set amount of cash to the court. This money will be held by the court until the conclusion of the individual’s case.

If the individual does not break the rules of the bond, and the bail is posted in cash, the clerk’s office will refund the amount to the owner, provided that the owner writes their SSN, TIN, or EIN on the bail ownership form. However, this only applies if the bail amount is equal to or less than $10,000.

If the cash bail amount is more than $10,000, then the person who posted the bail has to fill out additional forms, including an IRS form, before the money is returned.

Property Bond

In the event that somebody is arrested and needs to post bail, there are a few different ways that this can be accomplished.

One option, as already mentioned, is to pay the full bail amount in cash. This is often not possible for people who do not have the money available, so they may need to look into other options.

Another option is to use a property bond.

When someone posts a property bond, they are essentially putting their property up as collateral in order to ensure the release of the person who has been arrested. If the person does not show up for their court date, the property can be seized by the court in order to repay the bail amount.

However, if the person does show up for their court date, then the property will be given back to them once the case is closed. If property is used as collateral for bail, upon the exoneration of bail, the lien on the property will be released.

Bail Bonds

A bail bond is a contract between the accused and the court in which the accused agrees to show up in court when asked to do so in exchange for release from custody. The accused typically pays a fee to the bonding company in order to secure the release.

If the accused fails to come to court, the bonding company may seek to recover the cost of the bond by bringing the accused back into custody.

As we mentioned earlier in this article, when the defendant uses a bail bond to post bail, the bail bond premium that is paid to the bail bond company is not refunded. As for the bail amount, it is given back to the bail bond company once the bail is exonerated.

Release on Recognizance (ROR)

Release on Recognizance (ROR) is a type of release that allows an accused person to be released from custody without having to post bail. The accused must still appear in court when required, and if they fail to do so or commit another crime, they may be arrested and required to post bail.

ROR is typically used for minor crimes or when the accused is not considered a flight risk.

Release on recognizance (ROR) does not require any money or collateral. In this case, since no bail money was paid, nothing needs to be refunded.

Side Note About Surety Bonds

Did you know that bail bonds are a form of surety bond?

A surety bond is a financial guarantee given to a third party that an agreement will be honored. The surety bond is usually provided by a recognized individual (or group of individuals), and sometimes, a bonding company, which agrees to pay the third party if the agreement is not met.

When surety bonds are used in court cases, they are known as bail bonds.

The bail bond company in a criminal case acts as the surety, guaranteeing that the accused will show up in court when required.

If the defendant fails to appear, the surety will be held liable for paying the fines and penalties associated with their absence.

So, do you get bail money back? Just abide by the requirements of the court.

Have Questions? We’ve Got Answers

Paying bail in cash is definitely one way to get out of jail, but it is expensive and risky. This is why many people choose to get bail bonds through bail companies.

If you need a bail bond with us or have any questions about the bail bond process, call us at 702-333-2663. Our bail experts are passionate about helping people and will be happy to take your call.

Do You Get Bail Money Back?