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Bank Guarantee

The flexible facility that allows you to maintain cash flow and effectively pay for goods and services.

Interest rate from

Finder Green Awards 2021
Green Bank of the Year
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10.34
%
p.a.
Effective 24 November 2021
See rates and fees

Who it's for

  • Sole traders
  • Partnerships
  • Pty Ltd and public companies
  • Associations
  • Co-operatives
  • Local councils and government entities
  • Government schools

What it’s for

Use our Bank Guarantee to provide suppliers a guarantee of payment to secure a contract, buy a property, place a commercial bond on a lease, or assist with other transactions that require a cash deposit.

What you get

"It was so simple to set up my business accounts with Bank Australia. Great customer service and product knowledge"
Erin, Bank Australia business customer

Contracting confidence

Use your Bank Guarantee as a commercial bond on your lease or commercial contract.

More flexibility

The guarantee can allow you to feel more in control of your cash flow and the allocation of your assets.


Security options

We hold as security for the guarantee either cash, a registered first mortgage on residential real estate, or fixed term deposit equivalent to the amount of the guarantee.

The clean money movement

Together with our customers, we are reinventing capitalism and writing a new narrative. Money beyond self-interest. Money that makes the world better and regenerates ecosystems that protect people and the planet. We call it clean money.


Read more

Fees and charges

Here's what to expect with our Bank Guarantee:
What it's for
Amount
Annual fee (% of guarantee amount)
1.5%
Monthly fee
$0
Early repayment fee
$0

It pays to know. Please read the Product Disclosure Document and see all fees and charges before deciding if this account is right for you. See all rates and fees.

Money, People & Planet

See more at the Bank Australia blog

The fine print

General advice warning: In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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