A bank guarantee allows you to offer customers, suppliers and other third parties a guarantee of payment to secure a contract or leasing arrangement without tying up your working capital or affecting your other business activities.
A bank guarantee may suit your business if you need to promise payment to a third party, (eg: to secure a business contract or leasing arrangement) or if you are in an industry such as property development, building, contracting or retailing.
Create stronger business relationships - give your customers and suppliers the security of knowing that payment has been guaranteed by one of the world’s strongest financial institutions.
You can provide security for a bank guarantee from a full range of assets including cash and commercial, residential or rural property. For cash-covered guarantees you can choose from a number of investment accounts, including Term Deposits, to earn interest on your secured cash. Contact us for more information on the account options available to you.