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Bank Guarantee

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Bank Guarantee for Businesses

A written commitment issued on your behalf in favour of a third party to undertake to pay on demand the amount specified in the guarantee to meet your obligations under a contract signed between yourself and a third party.    

Features of a bank guarantee

Free up working capital

By providing a Suncorp Bank Guarantee in exchange for a cash deposit, you free up precious working capital.

Alternative to cash deposit

When you are looking to purchase or build a property, a Suncorp Bank Guarantee can be issued to the vendor or building contractor in place of a cash deposit.

As a bond

When you seek a lease to occupy premises, a Suncorp Bank Guarantee can be issued to the landlord or real-estate agent as a bond for security against items like damage or unpaid rent.

 

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To approved applicants only, terms and conditions apply. Other fees and charges may also apply. For a complete guide please download the Lending Fees and Charges brochure or obtain a copy from one of Suncorp's Branches. The Bank Guarantee product is issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL 229882.