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Bail bonds companies charge a premium in exchange for posting a bond on behalf of the defendant. (Minnesota allows a charge of up to 10 percent of the bail amount.) The premium is not refundable.
The bail money is returned once a person shows up for their trial, but courts may keep some of the money as a processing fee, dealing yet another blow to people struggling to make ends meet.
In most cases, the defendant appears before a judge and the judge determines the amount of bail. The defendant can then post the total amount of bail, a third person can post the bail on the person's behalf, or the defendant can contract with a bail bonds company to post a bond for the defendant.
The statute generally provides that the maximum bail amount which can be imposed is twice the maximum fine for the offense. The maximum fine for a misdemeanor is $1,000.00. The maximum fine for a gross misdemeanor is $3,000.00.
In Minnesota alone, more than 60% of those incarcerated are being held in pre-trial detention. The bail money is returned once a person shows up for their trial, but courts may keep some of the money as a processing fee, dealing yet another blow to people struggling to make ends meet.
Legally speaking, anyone who is 18 or older can sign contracts and bail themselves, or others, out of jail.
One of the primary risks associated with using a bail bonds agency is that they charge fees, typically between 10-15%, that are non-refundable. This fee can be quite expensive, especially if the defendant's bail is set at a high amount.
BAIL is money that is paid directly to the Court. If an individual posts bail, they will have that money returned so long as they make all of their court dates and abide by conditions of release. BOND is a private agreement between the defendant and a bonding company, often referred to a bondsman.