Types of Deposit Bonds
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Deposit Bond terms
A deposit bond requires an eligibility assessment to ensure you have the financial capacity to settle on your purchase, however it does not tie up your cash or assets.
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How do Deposit Bonds Work?
- Submit your application to Deposit Power at
- You'll receive a rapid approval and your deposit bond certificate will be delivered to you.
- Present the deposit bond to the seller or real estate agent instead of a cash deposit when signing the contract of sale. Pay the full purchase price, including the deposit amount, at settlement. The deposit bond expires once settlement is completed.