What are my non-cash deposit options?
Non-domestic customers have three alternatives to paying a cash security deposit:
- Surety Bond - A surety bond is a form of security where the bonding insurance company guarantees to cover the default or debt of another.
- Irrevocable Letter of Credit - This agreement with a financial institution ensures security if the customer defaults.
- Certificate of Deposit (CD) - A CD is a financial product where you deposit a sum for a fixed term.
Please contact us for further details at 1-800-655-4555.
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