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Utility deposits explained (in plain English)

Many utilities ask for a deposit when you start service. Here is what that means and what to ask.

What is a utility deposit?

It is money the company holds in case a bill is unpaid. It is usually refunded later or credited to your account after a period of on-time payments.

Ways deposits sometimes get lowered or waived

Deposit rules differ by company and state. Always ask your provider before you move in.

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