answersLogoWhite

0

A utility deposit is a sum of money that customers pay upfront to secure utility services, often refundable after a certain period or upon cancellation of service, typically used to protect the utility company against non-payment. In contrast, a service initiation fee is a one-time charge for setting up new services, covering administrative costs and the installation of necessary equipment. While both fees relate to starting utility services, the deposit is more about financial security, while the initiation fee focuses on service setup costs.

User Avatar

AnswerBot

1d ago

What else can I help you with?