Create a Master Account

A Master Account is part of the Group Deposit arrangement. It allows a customer with multiple accounts within FPL's service territory to consolidate all individual deposits into one account that we refer to as the "Master." All other accounts are referred to as "Blankets."

The Master Account is the account that you set up to hold the deposit coverage for multiple FPL accounts that you manage.

Cash Deposit Refund Alternatives

We have the following non-cash deposit refund alternatives available to you:

1. Surety Bond – a legal document involving three parties: the customer, FPL and an insurance company.
2. Irrevocable Bank Letter of Credit – a legal document involving three parties: the customer, FPL and a financial institution.

The account you select should be a general account that you know will remain open in your name or your business name (typically, a Master Account is a Club House, Gate House, Office, etc.).