Deposit Alternatives
UtilitiesMississippi, United States2-10 Employees
Deposit Alternatives provides an alternative to traditional security deposits used by utilities. Its core offering, the Deposit Alternative Plan, enables customers to pay a smaller nonrefundable activation charge while guaranteeing reimbursement to the utility if the customer defaults. The company is based in Jackson, Mississippi, and operates with a small team. Its target market comprises utility providers seeking alternatives to refundable deposits for new or existing customers. In 2021, Deposit Alternatives announced a strategic partnership with the Edison Electric Institute to expand its security deposit solution among utilities. The firm operates within the utilities sector, focusing on providing a simpler path for deposits for providers and their customers. The company maintains an online presence at its website.