Whether you or your loved one are innocent or guilty, when you consider posting bail, you need to consider what will happen if the verdict doesn’t go your way.
While bail can be as little as $25 for minor offenses, it can also be in the tens of thousands for more serious cases.
That’s a lot of money!
If you’re wondering, “Is bail money returned?” then we have the answer for you. Read on to learn more.
What Is Bail?
Many people charged with crimes are “Released on Recognizance.” That means they are not considered a flight risk and are expected to attend court. In other cases, the prosecution might ask the judge to set bail.
Bail is calculated at an amount that reflects the seriousness of the case and gives the defendant an incentive to make all their court dates. Setting bail allows the defendant to go to work and meet their family commitments while the trial is in progress.
How Does Bail Money Work?
There are two ways in which you can meet bail. The first is by paying the full amount to the court.
Alternatively, you could contact a bail bond company. A bail bond costs far less than the full amount of bail, usually around 15%.
When Is Bail Money Returned?
The purpose of bail is to ensure that the defendant makes all their court appearances. Until the case is concluded, you will not get your money back.
What happens to bail money if found guilty? The verdict doesn’t make a difference, if the persona has attended their court dates, then the bail money will be refunded.
The only exception to the question of “Is bail money refundable?” is if the court decides to take costs directly out of the bail that has been paid. You should make the defendant’s lawyer aware that you posted bail, to ensure that you get your money back.
Are Bail Bonds Refundable?
The question, “Do you get bond money back?” has a different answer. Bond money is not refundable, whether the verdict is innocent or guilty. This is the payment that the company receives for taking the risk of bailing the defendant.
This is only one of the things that you should know before you cosign a bond to release a friend or loved one. Any agreements to repay the bond are a private matter between you and the defendant. If they don’t repay, then you’ll have to try and get your money back yourself.
Looking for a Bail Bond?
Now we’ve discussed the question of “Is bail money returned?” you’re better placed to make a decision. If you need to raise bail for a friend or family member today, we can help. We offer flexible solutions, and you may not even need to leave home to post bail.
We pride ourselves on our compassion and professionalism, so if you need to talk to someone about a bail bond today, please get in touch.