As the title says, I’ve never comprehended how someone who has been charged with a serious crime can afford to pay a million $+ bond. Do they get that money back? Does it stay in the court? I just have no clue about what happens to all that dough.
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If they pay the bail to the court from their own pocket, they get all back (or if they pledge an asset like a house or a guarantee from another, those obligations are removed if you appear in court) . A bail bonds agency will issue their million on your behalf for a percentage, which you don’t get back. They are like an insurance company – pay $1000 a year but get your house replaced for $500M if it catches fire. The odds of the fire are lower than 500:1 (or the insurance company will go broke) so they make a profit.
People pay $1MM bail if they have more than $1MM in cash. Or $50 for that matter.
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