When Do I Need a U.S. Customs Bond??
Importers of commodities and goods for commercial purposes, carriers of freight, warehouse operators and facility operators are often required to obtain a U.S. customs bond. ||The bond is necessary for importing and storing certain types of goods, depending on their value and amount. ||The U.S. Customs & Border Protection (CBP) agency requires importers and other parties involved in import-related operations to get a U.S. customs bond in certain cases. It’s also known as a CBP bond. You’d need to get bonded if importing goods for commercial purposes valued above $2,500. The type of goods include foods, hazardous objects and similar items. The bond guarantees that importers will comply with all applicable laws and serves as protection for the public. It also ensures the payment of any duty, tax or charge in relation to activities covered in Section II of the CBP Form 301. Ready to get bonded? You can apply for a free quote online, or call us at (877)-514-5146 to speak with our bonding specialists.
Questions about U.S. Customs Bonds
What Are the Different Types of U.S. Customs Bonds?
There are two types of customs bond: a ‘single entry bond’ and a ‘continuous bond’.
You can get single entry bonds when importing occasionally and through one port.
Continuous customs bonds are better if you import frequently and through various ports. For example, international freight and passenger carriers usually obtain the latter.
There are exceptions to the bond requirements, so it’s best to check with the CBP whether you need to post a bond, what bond is acceptable, and what its amount should be.
What Is the U.S. Customs Bond Cost?
The price you’ll have to pay to get bonded depends on the amount of the bond you’re required to post.
- The value and type of your imports
- The amount of your imports
- Whether you will be posting a continuous or single entry bond
If you are posting a single entry bond, its amount is typically equivalent to the minimum declared value of your cargo.
A continuous bond’s amount, on the other hand, is determined depending on the taxes and duties you have paid during the past year. The amount of a continuous bond is never below $50,000, though.
When you apply for a bond with your surety, it will examine the strength of your personal and business finances to determine your bond rate. Your personal credit score is the most important factor in this assessment.
Applicants with high credit scores usually get a customs bond rate which is between 1%-4% of the total customs bond amount.
If you need more information on how your bond cost is set, you can consult our How Much Does a Surety Bond Cost? guide.
How to Get Bonded?
Getting your U.S. customs bond is not difficult.
First, complete our apply online. providing information about the bond amount and your profile as an applicant.
We’ll find the best bond rate for you via our extensive surety partner network. You’ll then receive our free, no-obligations quote.
You can pay your bond online. We’ll then send you a digital copy of the bond, as well as a paper one if needed.
Have more questions about the bonding process? You can review our in-depth apply online How to Get Bonded Guide.
Still Have Questions? Check Our FAQ Pages
What Our Clients Have To Say?
Kimberlee AblesQuick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew PoincotLong story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie MartinezWe decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!