317-531-5447 Bail Bonds Spring! Can A Cash Bond Be Transferred to A Surety Bond? 8% Bail Bond

Bail Bonding Spring

Location #1

Smith American Bail Bonds

8902 Otis Avenue Suite 123A

Indianapolis, IN, 46216

Location #2

Smith American Bail Bonds

55 S State Avenue Suite #355

Indianapolis, IN, 46201

Bail Bonds Spring! Can A Cash Bond Be Transferred to A Surety Bond?

This Spring don't let your loved one sit in jail and miss out on the good weather and festivities. Smith American Bail Bonds understands the frustration that comes upon families when a loved one has been incarcerated. If you or someone is in need of bail bonding services Smith American Bail Bonds is the number one choice.

Can Cash Bonds Be Transferred to Surety Bail?

In the state of Indiana when an individual gets arrested and arrives at the county jail they will be seen by a judge to determine if they will be released at their own recognition or be given a cash or surety bond. If the judge sets a cash bond that means that the cash bond has to be paid to the jail and not a bail bondsman. If the judge sets a surety bond that means that the bond has to be paid to a bail bonding agency licensed bail bonds.

Surety Bonds – You must pay 8% or 10% of the face value of the bond. If the bond is set at $50,000.00 dollars you must pay $4,000.00 or $5,000.00 to a bail bondsman.

Cash Bonds – You pay the full bond amount or 10% of the cash bond amount if the judge decides to set a 10% cash bond. If the bond is set at $50,000.00 you must pay the full amount and if the judge sets the bond to a $50,000.00 10% cash bond you must pay $5,000.00.

If the cash bond the judge has set is a financial strain and not affordable you can request a bail review hearing through the defendant's attorney. To get the cash bond switched to a surety bond so that you can pay the 8% because it’s much cheaper, keep in mind a bail bondsman is not an attorney and cannot get the bond switched to a surety bond. To get the bond switched you have to go through an attorney.

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