Moving company deposits – what to know and what to expect
When booking in advance – a holiday, a flight, a hotel stay, a restaurant table, a cinema ticket, etc. – you’re often required to put some money down to secure the service. It’s only logical then that you may be asked for a down payment when booking a move as well – the movers need a guarantee that you won’t bail out and cancel the job at the last moment, costing them money in lost time. Charging a moving deposit is a standard practice – many moving companies request a down payment to reserve a moving date, especially during peak moving season when their services are in high demand. It is a kind of insurance for the movers – if the customer cancels the move, they will have some compensation for their lost profit opportunities. The moving deposit, however, should be only for a small amount and should be refundable with sufficient notice of cancellation. So, when looking for moving help and comparing the services of different moving companies, you’re strongly advised to compare their p...