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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.
Key features
- Guarantee amount: $5,000 minimum (no maximum)
- Flexible security options: cash held on term deposit with Suncorp, property (residential or commercial) or a combination of both
- Interest on cash security: earn interest at competitive rates for any cash held on deposit as security for bank guarantees
- Free up working capital: use for security deposits required to lease premises or performance bonds for property development as examples and free up working capital.
Fees
Establishment fee
0.50% of guarantee amount. Minimum $100.
Ongoing service fee
1.5% (rounded to the nearest dollar) payable per half year in advance. Minimum of $150 per half year.
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.
Ready to get in touch?
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.
