How much does a $500,000 bond cost?
When your bail is set at $500,000, do you have to pay the full amount? The courts need the total amount, but you only have to pay 10% of the total if you work with a bail bondsman. This means you only need to pay $50,000. You will also be required to put up collateral that can help cover the bondsman’s losses if you break the conditions of your bond by either not showing up for court or committing another crime.
If you appear at all of your court dates and avoid any additional trouble, the full amount paid to the court will be refunded, even if you’re convicted of the crime you’re accused of. Any collateral used to post your bond will also be returned.