Federal Bonds vs. State Bail Bonds
State bail bonds, and Federal bonds are really very different, and should not be confused, even though they often are. State bail bonds are regulated by their respective state, and rely on a set bail schedule, within the county. In a lot of state cases, a defendant can secure their freedom by using a bail bond, before attending their trial.
When a defendant has been charged with a federal crime, they will have to appear before a Magistrate before a bail can be set. A Magistrate has the power to release a defendant on their own recognizance, apply unrestricted bail, or even bail with restrictions. Some of the restrictions that could apply include, no traveling, must seek employment, mandatory drug and/or alcohol testing, and even submitting to psychological, or psychiatric testing. Federal bonds do not carry a set bail schedule, like state bail. The bail amount is left totally to the Magistrate’s discretion. It is also understandable to assume that a federal bail will be much more expensive than a state bail.
Currently, there are over 4,500 crimes that can make for a federal arrest. Some examples of federal crimes include:
- Customs Violations
- Tax Evasion
- Bank Robbery
- Mail Fraud
- Organized Crime
- Importation of Illegal Drugs
These are just a small number of the serious crimes listed under federal.
When someone has been arrested for a federal crime, their bail bond will cost 15% of the entire bail value, unlike 10% in most state bail bonds cases. For example, if $50,000 is the amount set on the federal bail, then a federal bail bond will cost $7,500. Federal bail bonds take longer to process than state bail bonds, and will therefore require more work from the bail bond agency. The rate that a federal bail bonds company can charge is also regulated, as with state bail.
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.