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Streamline your bank guarantee process & optimise operations.

Simplified financial guarantees for businesses.
Assuro platform

Streamline your bank guarantee process & optimise operations.

Simplified financial guarantees for businesses.
Assuro platform

SAVE

$100

Receive a $100 discount on the establishment fees of your first bank guarantee when you get referred.

Save with Assuro's referral program

New businesses referred to Assuro through the referral program will receive $100 discount on the establishment fees of its first bank guarantee when it creates an Assuro account and meets the Referral Criteria.

A better way to get your bank guarantees.

Apply online via our purpose-built platform and experience the difference for yourself. Its free to signup with nothing to pay until you submit you application.

With significant experience in both the property and construction sectors, Assuro’s dedicated relationship managers help deliver bank guarantees in days, not weeks.

A better way to get your bank guarantees.

Apply online via our purpose-built platform and experience the difference for yourself. Its free to sign up with nothing to pay until you submit your application.

With significant experience in both the property and construction sectors, Assuro’s dedicated relationship managers help deliver bank guarantees in days, not weeks.

A better way to get your bank guarantees.

Apply online via our purpose-built platform and experience the difference for yourself. Its free to signup with nothing to pay until you submit you application.

With significant experience in both the property and construction sectors, Assuro’s dedicated relationship managers help deliver bank guarantees in days, not weeks.

Apply online & save.
$330 Establishment Fee
1.25% Per Annum Ongoing Fee
Hassle-Free Application

Revolutionising the bank guarantee process.

Assuro is changing the way businesses obtain bank guarantees. Say goodbye to the traditional, time-consuming process and experience a streamlined solution that saves you valuable time and money.

Our purpose-built platform and digital application process offers you a simpler and low-cost alternative. Our goal is to empower you to focus on what truly matters – your business.

Why Assuro?

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Efficient Process

Fast, simple and low-cost. Our entirely online application means there’s no paperwork and no need to visit the bank.

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Simplify Administration

Apply for and manage all your bank guarantees in one place. Keep track of your documents at all times with custom alerts and reporting.

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Personalised Support

With significant experience in both the property and construction sectors, our dedicated relationship managers help deliver bank guarantees in days, not weeks.

Platform Features

Streamlined solution. Seamless process.
Join the digital revolution in bank guarantees and experience the power of efficiency, transparency and convenience.
Assuro Platform
Custom Alerts
Notifications to suit your business needs.
Reduce Risk
Customise reports to better manage exposure.
Forecasting
Project requirements to assess future facility capacity.
Easy Management
Cancel, renew or update with the click of a button.
Custodian Tracker
Keep track of your documents and clients at all times.
Visibility
Import existing documents and mange all your finances in one place.
Assuro Platform
Custom Alerts
Notifications to suit your business needs.
Reduce Risk
Customise reports to better manage exposure.
Forecasting
Project requirements to assess future capacity.
Easy Management
Purpose-built management platform to replace excel.
Custodian Tracker
Keep track of your documents at all times.
Visibility
Import existing documents and manage all your financial securities in one place.
Multi-award winning platform saving our customers time & money.
WA Innovator of the Year Awards 2022: Assuro named Growth Category WINNER
Incite Awards 2022: Assuro named Startup of the Year WINNER
Curtinnovation Awards 2022: Assuro named Business and Law WINNER
National iAwards 2022: Assuro named Startup of the Year FINALIST
WA Innovator of the Year Awards 2022: Assuro named Great for the State FINALIST
Incite Awards 2022: Assuro named Transformative Business Solution FINALIST

Time saving

Assuro’s online platform is simple to use and has saved Phoenix Car Stackers significant time in terms of applying for and obtaining bank guarantees for our business.  It’s great to know that if there is an issue, my dedicated relationship manager is only a phone call or email away.
Robert Candler
Director, Phoenix Car Stackers

Great product

Assuro has centralised the updating of all of our bonds, bank guarantees and cash retention and empowered our team to do this quickly and easily. The result is a more accurate and improved understanding of this part of our business for management.
Chris Geers
Managing Director, MMJ Real Estate (WA) Pty Ltd

Best possible result

Assuro has worked tirelessly to help TAMS get the best possible result for our business. The online management platform and application process saves us significant time and if we need any help, our relationship manager is always on call to assist.
Lee Bartlett
Chief Executive Officer, TAMS Group
Want to know more?

Speak to an expert.

Let us take you through the platform and show you what Assuro can do for your business.

Assuro Platform Demo with relationship manager, Jarred.
Frequently Asked Questions

What is a bank guarantee?

A bank guarantee is an unconditional and irrevocable undertaking issued by a bank to a beneficiary to pay an amount of money if requested to do so by the beneficiary. A bank guarantee is provided by the bank on behalf of the issuing party who has generally deposited an amount of money equivalent to the bank guarantee with the bank.

Bank guarantees are used in a wide range of different circumstances but are commonly used to secure:
• commercial leases;
• commercial property transactions;
• contractual performance in the construction industry including defect or maintenance periods; and
• the purchase of large scale mining equipment.

Why are bank guarantees used?

Bank guarantees are a form of ‘security’ and provide the beneficiary with confidence that the issuer is capable of fulfilling its obligations and is an indicator of the issuer’s financial stability. From the issuer’s perspective, a bank guarantee demonstrates its willingness to perform its obligations whilst at the same time retaining its cash.

Are the bank guarantees issued through the Assuro platform only secured by cash?

That’s correct, Assuro will only provide bank guarantees that are 100% cash secured. This means that if you need a $100,000 bank guarantee you will need to deposit $100,000 with Assuro’s bank guarantee provider, an Authorised Deposit-taking Institution approved under the Banking Act 1959 (Cth).

Don't want to tie down the cash?
Assuro can connect you with a specialist, business to business lender who may be able to finance your next bank guarantee. For more information on Bank Guarantee Finance, click here.

What is a beneficiary or favouree?

The beneficiary or favouree is the party who receives the bank guarantee and can 'call' on it if payment of the money is required or contractual obligations are not being performed.

What does it cost?

In addition to the security being deposited directly with the bank issuing the bank guarantee, Assuro will charge a standard fee of 1.25% p.a. (Inc GST) with payment being required half yearly, in advance for the term of the bank guarantee. A $330 (Inc GST) once-off establishment fee is also payable at the outset. Custom pricing may be offered to members of our channel partners or individual users of the Assuro platform depending on the size or volume of bank guarantees being applied for. There is no cost to set up an account with Assuro. Simply follow the prompts on our website to register as a user. Once registered, you can apply for a bank guarantee.

How long does it take to arrange my bank guarantee?

It only takes a few minutes to complete the initial Assuro application process. Once it is complete and the invoice paid, Assuro will conduct the relevant AML/KYC checks before submitting the application to our bank guarantee provider. You will then receive an email from our provider requesting that the application be approved. A draft bank guarantee will then be issued for approval by the issuer and the beneficiary. If no amendments are necessary, the cash security is deposited with our provider and the bank guarantee finalised. The bank guarantee will then be sent to the nominated delivery address by express post.

Do I need to complete any paperwork?

No. The application process is entirely digital. However, we may need some physical documents to be emailed in order to complete our AML/KYC checks on individuals associated with the application.

How do I receive my bank guarantee once it is finalised?

The bank guarantee will be sent by express post to the nominated delivery address. It can either be sent to the issuer or directly to the beneficiary.

How do I amend or cancel my bank guarantee?

Simply contact your relationship manager at Assuro and complete a form. Alternatively contact Assuro at info@assuro.com.au or call us on 1300 134 315.

How can I manage my bank guarantee once it is established?

In addition to Assuro’s competitive fees, bank guarantees established through the Assuro platform will automatically integrate with Assuro Cloud, our market leading management platform. Assuro Cloud will allow you to set reminders, track the custodian, generate reports and utilise cost calculators to ensure that your business has tighter control over its bank guarantees and streamlined administration processes.

Will the bank guarantee have an expiry date?

You can nominate whether the bank guarantee will have an expiry date. Generally, this is a matter dictated either by the applicable contract or the beneficiary. Even if the bank guarantee doesn’t have an expiry date on it, Assuro Cloud will allow you to set an expected return date so you can be reminded to follow up the beneficiary once the bank guarantee should have been returned.

Can I transfer my existing bank guarantees to the Assuro platform?

Yes. You can do this by creating a new bank guarantee and then using it to replace the existing bank guarantee but this will mean that for a short period of time you will have paid two security deposits.