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.

Who does it suit? 

A bank guarantee may suit your business if:

• You need to promise payment to a third party, for example to secure a business contract or leasing arrangement
• 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.

*Applies to bank guarantees of less than $100,000 which are 100% secured by cash. Other conditions apply.

Important information: 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.