Utility Deposit Bond - Beaches Energy Services / City of Jacksonville Beach in Florida

Brief Summary

A commercial deposit with Beaches Energy Services is held until the account closes, not returned after a year of good payments. That makes it dead cash for as long as you are open. A utility deposit bond, where Beaches Energy accepts one, replaces that cash with an annual premium.

Beaches Energy Services, the City of Jacksonville Beach utility, can require a deposit of up to an average two month utility bill for a service location, with a $125 minimum for new residential service. Commercial deposits are set by Customer Care and refunded when service ends. A utility deposit bond guarantees the customer's bills will be paid in place of the cash deposit. Confirm with Beaches Energy Customer Care that a bond is acceptable for your account and the amount before the bond is issued.

We can help with all Florida bonds!

How to Apply for a Utility Deposit Bond:

• Call Beaches Energy Customer Care at 904-247-6241 to get the deposit amount for the service location.
• Confirm that a surety bond is acceptable in place of the cash deposit for your account.
• Ask whether a prior utility letter would waive the deposit entirely.
• Provide the business legal name and service address exactly as on the utility account.
• Provide owner names, home addresses and Social Security numbers for the credit review.
• Pay the premium and deliver the executed bond to Beaches Energy.

Detailed Information About the Florida Utility Deposit Bond:

Commercial deposits stay put

Residential customers get their deposit back with interest after 12 consecutive months of excellent payment history. Commercial customers do not. Beaches Energy refunds commercial deposits only when service ends. A business that opens an account and stays for years has that money sitting with the utility the whole time.

How big the deposit can be

Beaches Energy caps the deposit at an average two month utility bill for the service location. The City of Jacksonville Beach FAQ puts it the same way, up to two times the average utility cost at that location depending on credit history. New residential service starts at $125. Commercial amounts are handled by Customer Care at 904-247-6241.

Ways to avoid a deposit

A new customer may have the deposit waived with a letter from a prior utility showing one full year of service with no late payments, disconnections or meter tampering. If you have that history, ask for the waiver first.

Where a bond fits

The published FAQs describe deposits paid by cash, check or money order and do not mention bonds. A deposit bond is a guarantee from a surety that your utility bills will be paid. If Beaches Energy accepts one for your account, it names the City of Jacksonville Beach or Beaches Energy Services as obligee in the amount the utility sets. Call Customer Care before applying to confirm acceptance and the amount.

Eligibility and Requirements for a Florida Utility Deposit Bond:

• Deposit amount up to an average two month bill for the service location, as set by Beaches Energy.
• City of Jacksonville Beach or Beaches Energy Services named as obligee, as the utility directs.
• Account holder name on the bond matching the utility account.
• Bond kept in force for as long as the utility requires security.
• Owner credit review. Premium is set by the surety based on credit and the bond amount.

Florida Utility Deposit Bond FAQs:

Official and Additional Resources for the Florida Utility Deposit Bond: