What Are Bail Bond Rates in New York City?
Rates on bail bonds in New York and New York City are established under Article 68 of New York State Insurance Law. That law establishes an additive fee schedule. Under that schedule, the ceiling rate is 10% on the first $3,000, 8% on the amount greater than $3,000 up to $10,000, and 6% on the amount greater than $10,000.
You can use the rate calculator tool below to calculate the maximum legal fee for any given bond amount. Note that this fee does not include collateral, generally an additional 10% of the face value of the bond.
Given this schedule, the standard non-refundable fee for bonds under $3,000 is simple to calculate: it is simply a flat 10% of the face value. So the fee on a $2,500 bond would be $250.
Fees on bond amounts greater than $3,000 are harder to calculate, as the fee schedule is additive. For example, the fee on a $5,000 bond would be $300 (10% on the first $3,000) plus $160 (8% on the next $2,000), for a total fee of $460.
The full text of the relevant section of Article 68 of New York State Insurance Law can be found below (sourced from link above).
§ 6804. Premium or compensation. (a) The premium or compensation for giving bail bond or depositing money or property as bail shall not exceed ten per centum of the amount of such bond or deposit in cases where such bonds or deposits do not exceed the sum of three thousand dollars. Where such bonds or deposits exceed the sum of three thousand dollars, the premium shall not exceed ten per centum of the first three thousand dollars and eight per centum of the excess amount over three thousand dollars up to ten thousand dollars and six per centum of the excess amount over ten thousand dollars. In cases where the amount of the bond or deposit is less than two hundred dollars a minimum premium of ten dollars may be charged.
(b) No person or corporation shall:
(1) charge or receive, directly or indirectly, any greater compensation for making a deposit for bail or giving bail, or act in such business as aforesaid without obtaining a license, or
(2) accept any fee or compensation for obtaining a license or for obtaining a bondsman or bail bond. Such person or corporation shall be guilty of a misdemeanor and in addition shall in any action brought to recover any such overcharge be liable for treble damages.
(c) Any member of the bar having any financial interest by which he is to profit from the giving of bail shall be guilty of a misdemeanor.