What is a Bank Guarantee?
A Bank Guarantee is a surety in writing that we give to a third party to guarantee that a payment you owe them will be made on demand.
Only the beneficiary (your customer or supplier) can demand the payment.
Security
Your suppliers and customers will have peace of mind knowing the bank has guaranteed the funds.
What is a Bank Guarantee?
A Bank Guarantee is a surety in writing that we give to a third party to guarantee that a payment you owe them will be made on demand.
Only the beneficiary (your customer or supplier) can demand the payment.
How could it help grow your business?
You could use a Bank Guarantee to take advantage of business opportunities like large contracts, new premises or equipment without tying up your cash flow.
How much can be guaranteed?
There's no minimum limit, and the maximum limit is subject to approval. If you’re eligible, your guarantee will be for a nominated amount.
Name | Fees |
---|---|
Establishment fee | Available on application |
Issuance fee | Calculated per annum on the face value of the Bank Guarantee issued 3 |
Business Banking Specialists
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