If you have more than one piece of equipment on your contract, we’ll refund your security bond once you’ve purchased or returned all of that equipment.
If you purchase the equipment
If you decide to purchase the last piece/s of equipment on your contract, we’ll reconcile your contract and send you a ‘payout quote’.
Once you’ve paid for the equipment, including any arrears (i.e. unpaid rent), we’ll refund your security bond to you within 2–4 weeks.
(If a customer has another contract with SilverChef and that contract is in arrears, the bond will be instead be transferred to that contract.)
If you return the equipment
After you’ve returned the last piece/s of equipment on your contract, we’ll reconcile your contract and send you a ‘return statement’.
The statement will show the balance of your contract — your security bond minus the equipment-processing costs (e.g. cleaning and servicing) and any arrears (i.e. unpaid rent) or freight charges that may apply.
If your bond doesn’t cover these costs, the statement will show you the amount owing to us.
If your bond more than covers these costs, we’ll refund the balance owed to you within 2–4 weeks.