Federal Bonds vs State Bail Bonds
State bail bonds, and Federal bonds are completely different, however, are often confused. State bail bonds are regulated by their respective state, and rely upon a set bail schedule, which is determined on an annual basis. In a lot of state bail bond cases, a defendant can secure their freedom by utilizing a state bail, before having to attend their trial.
Should a defendant find themselves charged with a federal crime, they are required to appear before a Magistrate, who will determine the amount of the Federal Bond. A Magistrate has all power to release the confused on their own recognizance, apply unrestricted bail, or even a bail with several restrictions. Some of the restrictions that could apply include, travel prohibition, gainfully seek employment, mandatory drug and/or alcohol testing, and even submitting to psychological, or psychiatric testing. Federal bonds do not have a set bail schedule, like state bail does. The bail amount is left totally to the discretion of the Magistrate. It is also natural to assume that a federal bail will indeed be a lot more expensive than that of a state bail.
To date, there are over 4,500 crimes that can result in federal prosecution. Some examples of federal crimes include:
There are over 4,500 crimes that fall under federal. Some examples of federal crimes include:
- Customs Violations
- Tax Evasion
- Bank Robbery
- Mail Fraud
- Organized Crime
- Importation of Illegal Drugs
These are just a very limited list of the actual amount of federal crimes.
In the case of a federal arrest, it is normal for the bail bond to cost 15% of the entire bail amount, unlike the 10% in 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 normally take longer to process than state bail bonds, and therefore require much more work from the bail bondsman, or bail bond agency. The rate that a federal bail bonds company can charge is regulated, the same as state bail.
If you or someone you know is charged with a federal crime, it is imperative that you contact a reputable, and experience bail bonds company. Federal charges are not something you should attempt to handle on your own.