As a defendant, it’s important to know the difference between cash bonds and federal bonds. Arrests can be incredibly worrying. However, being aware of your bond options may make the process easier for you. While both forms of bonds do essentially the same thing, they often require two different amounts of collateral depending on the situation that led to the incarceration.
Federal bonds tend to cost less, but the downside is that you are responsible for the entire debt after your release from prison. On the other hand, cash bonds work by putting up collateral for someone who cannot.
Regardless of the bond type you need, rely on the bail bond agents at ASAP Bail Bonds.
There is no way of knowing when the time may come to need bail. With that in mind, anyone in need of it should know the differences between a federal bond and a cash bond. Not all jurisdictions accept cash bonds, but those that do have different percentages you must pay, depending on the severity of your crime.
Moreover, the type of crime will impact the bail bond that you qualify for. It’s rare for a defendant to be refused bail altogether. However, it can happen. With that in mind, it’s important you know your post-arrest options.
The Difference Between a Cash Bond and a Federal Bond
When a defendant needs a federal bond instead of a cash bond, it is because the charge they are facing is a federal offense. Counterfeiting, drug trafficking, and treason are just some federal crimes. Although there is a bond specifically for these types of crimes, it doesn’t guarantee you’ll receive a federal bond. In fact, you may not receive any form of leniency at all.
You, the defendant will need to go before a judge and explain why they need a federal bond instead of a cash bond. Federal bonds are beneficial for a number of reasons. Two of the more common reasons are as follows:
- If you are seen as a danger to the community
- If you’re a potential flight risk.
Trust an ASAP bail bondsman to reunite you with your loved ones.
There are also reasons why a defendant might not be eligible for a federal bond, such as having more than one pending criminal case or being a repeat offender. The judge will take all of these factors into consideration when deciding whether or not to grant a federal bond, and if granted, the amount of that bond.
When Might You Need a Cash Bond?
Cash bonds offer a far simple bonding process than Federal bonds. Moreover, they are the most common type of bond. Recently, Harris County has changed the reasoning behind why defendants are granted these specific bonds. Cash bonds were once for low-level crimes. However, it’s becoming more common for defendants accused of low-level crimes to receive personal bonds.
Now, cash bonds are being granted to those arrested for violent crimes. If you’d like further information about these bond types and to learn which one may be best suited for you or a loved one, call ASAP Bail Bonds today.
You won’t find a more dedicated team of bondsmen to assist with your bail. Reach out today for bail assistance or to learn more about the differences between Cash Bonds and Federal Bonds.