Due to maintenance of the Assuro platform, we are temporarily unable to accept applications for new bank guarantees. Please contact us for more information at info@assuro.com.au.
* Variable rate is subject to change throughout the life of the bank guarantee which means the amount of interest earned is also subject to change.
Apply online via our purpose-built platform and experience the difference.
Complete your application with Assuro online within minutes.
Bank guarantees finalised and dispatched by the bank within days.
Complete your application with Assuro online within minutes.
Bank guarantees finalised and dispatched by the bank within days.
Complete your application with Assuro online within minutes.
Bank guarantees finalised and dispatched by the bank within days.
Complete your application with Assuro online within minutes.
Bank guarantees finalised and dispatched by the bank within days.
Apply online via our purpose-built platform and experience the difference.
Submit your application online with Assuro in minutes.
Bank guarantees finalised and dispatched by the bank within days.
Real-time collaboration and status alerts visible to all parties.
Invite people in your company to review and approve a live draft.
Highly competitive fees compared with the retail banks.
Get in touch for more information on pricing.
Bank guarantees automatically integrate with Assuro Cloud.
Our relationship managers can assist you every step of the way.
A bank guarantee is a form of ‘security’ that enables you to grow your business by giving your customers and suppliers confidence that you can fulfil your obligations.
Bank guarantees are used in a wide range of circumstances but are commonly used to secure commercial leases and construction contracts.
1. Register & Apply
Create an Assuro account and follow the prompts to start your bank guarantee application.
Provide the details for the bank guarantee, including parties, value and purpose.
2. Payment & Verification
Complete payment of the establishment fees and the verification process.
Assuro must verify the identity of the individuals behind the application. To ensure your private information is kept confidential, we use Australia's largest identity verification platform, Green ID. This process does not require identification documents to be provided or stored by Assuro or Green ID.
Your relationship manager can assist if required.
3. Submit to the Bank
Once verified, your Assuro relationship manager will submit the bank guarantee application to the bank.
The bank will contact you to confirm receipt of the application lodged by Assuro and seek approval from the applicant.
4. Draft Bank Guarantee
Once the application is approved, the bank will send a draft bank guarantee via email for review and approval by the parties.
Once the draft has been approved, the bank requires the cash security.
5. Finalisation & Dispatch
Once the bank has received the cash security amount they will assign the funds to your account within days, your bank guarantee will then be finalised and dispatched to the nominated address. As part of the finalisation process, you will be sent the bank account details.
Once the guarantee is issued, the application is established on the Assuro platform. You will then be able to access a suite of tools such as return date alerts, cost tracking and custom reporting.
Some additional information regarding the signup process. Identifying any common queries clients have prior to signing up. Perhaps documentation and other particulars of the process.
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Perhaps 'approval' instead?
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Let us take you through the platform and show you what Assuro can do for your business.