State Bail Bonds vs. Federal Bonds
Federal bonds, and State bail bonds happen to be very different, and should not be confused, even though they often are. State bail bonds are regulated by the specific state, and rely upon a county’s set bail schedule. In most state cases, a defendant can gain their freedom by using a bail bond.
When someone is charged with a federal crime, they will need to appear before a Magistrate in order for bail to be set. A Magistrate can release a defendant on their own recognizance, allow unrestricted bail, or even bail with restrictions. Some of the restrictions that may be applied to a restricted bail include; travel restrictions, finding a job, mandatory drug and/or alcohol testing, and submitting to psychological, or psychiatric testing. Unlike State bail, Federal bonds do not carry a set bail schedule. The bail amount is left totally up to the Magistrate. As expected, Federal bonds will be a lot more expensive than State bail.
At this time, there are approximately 4,500 crimes that can attract a felony charge. Some examples of federal crimes include:
- Customs Violations
- Tax Evasion
- Bank Robbery
- Mail Fraud
- Organized Crime
- Importation of Illegal Drugs
These are only a very few of the serious crimes listed under federal.
When arrested for a federal crime, the bond will cost 15% of the entire value, unlike the 10% in state bail bonds cases. As an example, if $50,000 is the amount set on a federal bail, then a federal bail bond will cost $7,500. Federal bail bonds take much longer to process than state bail bonds, and will therefore require a lot more work from the bail bond firm. The rate that a federal bail bonds company can charge is regulated the same as state bail bonds.
If you or someone you know is charged with a federal crime, it is vital that you contact an experienced bail bonds firm. Federal charges are not something you should ever attempt to handle on your own.