Bank guarantees

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.

Business benefits 

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.

• Free up your cash for other investment or growth opportunities
• Take advantage of business opportunities right away - we can provide a cash-covered guarantee as soon as the next business day, sometimes sooner*
• Earn extra revenue. For cash-covered bank guarantees, you can earn interest on money you would otherwise have paid as a deposit to the third party

Asset options 

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.

• Important information
  *Applies to bank guarantees which are 100% secured by cash. Other conditions apply.
  
  Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the loan offer. Bank fees and charges may apply.