When you can’t pay your full bail, jail bonds are a good way to go. Many people want to know just how much they’re going to have to pay, however, if they opt for bail bonds. Your bail bondsman will be able to answer questions about the bail process, but let’s take a look at how much you’re going to give up.
The thing with bail bonds is that you pay an actual fee that you don’t get back. This is how the bail bondsman makes money. If you pay your bail yourself, you’ll get it all back . . . but not until the trial is complete, which could be months or even a year. That’s a long time to be without the money, which is why most people choose to pay the fee and go with bonds.
How much you will pay depends entirely on the amount of the bail and whether or not you’re being held on state or federal charges. The fees for jail bonds are set, so you know exactly how much to pay.
If yours is a state case, you will have to pay 10% of the full bail amount. If a federal case, then you pay 15%. It’s quite simple to figure out this way and you should stay away from any bail bonds agency that offers “lower” fees, since they can’t legally do this.
Your bail bondsman will be able to work out the paperwork with you and explain anything that doesn’t make sense about bail bonds. As you can see, it’s up to the judge who sets the bail to decide just how much you’ll pay in jail bonds, the higher the bail, the more you pay.