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Right now, if your client needs a bank guarantee, they’re probably going straight to their bank – meaning you’re leaving commission on the table for a product they already need. Assuro’s partner program lets you earn commission while getting your client more flexibility and a better experience than they’d get going direct.
Our focus is on creating a more efficient and user-friendly experience compared to traditional guarantee processes. The result – a faster, more transparent experience for both clients and brokers.
We’re here to simplify business, not complicate it.
check_boxMultiple banks to choose from
check_boxHigh return guarantees
check_boxLow-cost guarantees
check_box15 minute application
check_boxSame day draft approval
check_boxIssuance in 1-3 business days
check_boxReal-time updates
check_boxExceptional customer support
check_boxTools to streamline ongoing management
As expectations continue to evolve, businesses are increasingly looking for faster, simpler and more flexible bank guarantee solutions. There is a need for businesses to be able to easily apply online and have access to a range of different products. This is where Assuro is changing the experience for both clients and finance brokers.
Our platform offers a range of market-leading products issued by Australian banks to suit different business needs. Some businesses may have the cash available and want to maximise interest returns or find the lowest cost product. Others may wish to keep cash in business and instead are looking at finance to secure the bank guarantee.
check_boxZero ongoing fees
check_boxOne-off establishment fee
check_boxCompetitive net return on deposit
check_boxAccess & use interest earned
check_boxNo minimum value
check_boxNext-day draft issuance
check_boxFree up working capital
check_boxFast processing
check_boxCompetitive rates
Referring a client is simple, all you need to do is send us the applicant's details through our referral form or via email. We handle the application, communication, and support with your client from start to finish, and you get paid once the document is established.
Ready to become a referral partner? Sign up today to unlock benefits for both you and your clients.
We’ve made it easy to help your clients understand how Assuro works.
Download and share these simple, client-ready brochures to explain the benefits and process in minutes.
Our team is here to help.
If you have questions about referring clients, commissions, or Assuro's bank guarantee products, get in touch:
Email: info@assuro.com.au
Phone: 1300 134 315
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:
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.
Assuro offers both cash-secured and partially secured bank guarantee products.
Our standard guarantees are 100% cash secured, with no minimum value. For example, if you require a $100,000 bank guarantee, you would deposit $100,000 with the issuing bank.
For businesses that prefer not to tie up working capital, Assuro also offers the Business Loan Bank Guarantee. This option combines the guarantee with finance to secure it, allowing you to obtain the guarantee without providing the cash deposit upfront.
With a range of products and banking partners available, you can choose the solution that best suits your business needs. All security is deposited directly with and held by the issuing bank. Under the Financial Claims Scheme (FCS), deposits of up to $250,000 per account holder per authorised deposit-taking institution are protected by the Australian Government.
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.
In addition to the security being deposited directly with the bank issuing the bank guarantee, Assuro will charge fees based on the bank guarantee product that is selected. Our lowest cost bank guarantee product has a one-off $399 establishment fee and no ongoing fees.
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. Click here to register as a user. Once registered, you can apply for a bank guarantee.
Applications can be submitted online in minutes, and the bank guarantee can be finalised and dispatched within days.
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.
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.
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.
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 administrative processes.
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.
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.
The physical paper-based document will be sent via registered post to the nominated address. Only the application process is digital.
The bank guarantee issued will be from the nominated bank and with the bank’s logo on the guarantee. Assuro will not feature on the guarantee itself in any way.
Assuro's Business Loan Bank Guarantee product combines the guarantee and the finance to secure it, meaning you can get the guarantee when you need it without providing the cash deposit upfront. We can also connect you with our specialist business-to-business lending partners who offer a range of financing options, including unsecured loans, secured loans and lines of credit.
