Generally, a bail bonds company charges you a pre-determined amount in return for a bond, which the court declares to be enough to secure your arrest. Your bail bonds company is also called your collateral agent. -Connecticut Bail Bonds Group offers excellent info on this. You are usually released from jail the same day, but sometimes you might have to spend some extra time in jail if you fail to post the bail. There are many different kinds of bonds that bail bonds companies can offer you, including local, state, federal, cash, surety bond or even no-bail agreements.
Generally, your bail bondsman will need you to pay either 10 percent or more of your bail amount requested by a state court. In some cases, the defendant might not be able to post the full 10 percent to buy the full bail bond. In that case, you may negotiate with the bail bondsman so that you pay only a partial down payment, which in most cases is a much smaller percentage than the full amount, and then you will pay the rest at a later date when you post the final amount. Your no-bail agreement allows you to post a certain amount of your bail money towards your defense fund, while you wait to post the rest of your bond. This is usually done by putting the other half of the bail in an interest bearing account and depositing the money in a trust account.
Most often, if you go to court without having made any type of payment plan, then the judge will decide the amount you should pay. If you want to avoid paying extra taxes then it is also possible to set up a payment plan with the IRS. In most states, if you go to jail then the bondsman cannot collect any of your money. However, if your bond was previously set by the court then the bail bonds company can use their right of redemption to retrieve your money. Once they have your money, they can then pay the required amount or let you go free if you have fulfilled your obligations.