When a person is arrested or facing an arrest warrant, money is always one of the first points of priority. Arrest warrant defendants, as well as friends and loved ones of those arrested, want to know how much it will cost to get out of jail and whether or not they get their money refunded.
Continue below to learn what you need to know about bail money, including how much bail costs, terms of bail money refunds, where to get the cheapest bail, and more.
Bail Money is What You Need
If someone is arrested, money will be required in almost all cases, whether that money is used to hire a lawyer to defend the charges, buy a bail bond, pay court fees, pay fines upon conviction, or pay a combination of them all. As for bail alone, there are several ways to spend money on obtaining a release from jail, that is, if the defendant is granted bail privileges. There are some criminal charges and circumstances that will revoke a person’s right to bail, like murder or being a previous flight risk.
Average Cost of Bail
The cost of bail will depend on several factors, mostly how much the bail was set at by the judge, the defendant’s criminal history, and whether a person chooses to hire a bail bond company or pay the courts directly. If you choose to pay the courts directly, you will be paying the entire bail premium, which is what the judge sets the bail at. This is usually in the thousands, even as high as tens of thousands or hundreds of thousands. If you choose to hire a bail bond company, you only pay a fraction of the bail premium. This has long been the more affordable and rational approach to getting bailed out of jail.
Bail Money Refunds
There is only one way you get refunded bail money and that is if you choose to pay the courts directly. Again, this is a very extreme and risky approach since you have to let go of a large sum of cash or collateral all at once. Not many people have an extra $10,000 or $50,000 laying around for emergency needs. But for those who do, they can choose to pay the court directly, and as long as the defendant appears for court, they get the money refunded. If you hire a bail bond company, you only pay a fraction of the bail premium, but you do not get this money back. Furthermore, the person who signs for the bail bond is liable for paying back the remaining bail premium if the bailee skips out on court.
Free Bail Money
If you are looking for bail money, do not give up. There is really no such thing as free bail money, especially because there is no state or government financial assistance for bail bond expenses. In all cases, someone is paying for bail, even if you get someone else to cover the cost for you.
Do you need to surrender to a warrant or get someone out of jail in Central Indiana? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bonds in Indianapolis, or anywhere in Central Indiana. We also offer prearranged bail bond service for arrest warrants.
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