Bank Guarantee

Summary: 

A Suncorp Bank Guarantee is 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.

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Bank Guarantee
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Features

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% 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.