Car rental companies will require you to leave a bond, which is an amount of money frozen on your credit card. Providing there are no additional charges at the end of your rental, the bond will be refunded to the same card. The security deposit amount varies per location, and by the type of vehicle you are hiring. Some vehicles may require a bond of $100, while others may be $1100. You will need to check your rental agreement for these details. Click here to see the amount of security bond per supplier.
Not only does the bond amount differ between depots, but it can also vary depending on what payment method you are using. If you are paying with a debit card, the bond amount may be larger.
How long will it take for my bond to be returned?
After you've returned the vehicle, it can take anywhere from 2-10 days for the money to be available in your account. The amount of time it takes depends on your bank.