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Bank Guarantee
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.
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 $50 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?
Alternatively download and complete the Bank Guarantee Application Form
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.
