Bank guarantees

BNK’s bank guarantees provide a secure way to support your commercial obligations without disrupting your cash flow. Commonly used for leases, contracts, or supplier agreements, a bank guarantee assures the third party that payment will be made if you’re unable to meet your commitments.

Overview

BNK’s bank guarantees offer a flexible and secure solution for businesses needing to demonstrate financial reliability without disrupting your cash flow. Whether you’re entering into a commercial lease, bidding on a tender, or securing a contract with a supplier, a bank guarantee can provide the assurance your counterparty needs.

Structured to meet the specific terms of your agreement, our bank guarantees are backed by the strength and reputation of BNK. With fast processing, tailored support, and a commitment to helping Australian businesses grow, we make it easier to meet your commercial obligations with confidence.

Rates

Balance Variable rate
$15,000 – $49,999.99 0.75% p.a.
$50,000.00 and above 1.80% p.a.

Features

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Supports a wide range of commercial needs

Ideal for leases, supplier agreements, tenders, and performance-based contracts.
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No monthly account-keeping fees

Earn interest with no ongoing fees and no monthly criteria to meet.
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Customised to your requirements

Guarantees are structured to meet the specific terms and conditions of your agreement.
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Fast, efficient approval process

Swift process to assess eligibility and issue guarantees quickly.
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Issued in favour of landlords, suppliers, or third parties

Providing reassurance that obligations will be met.
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Backed by BNK’s reputation

Offers confidence and credibility with counterparties through the strength of an APRA-regulated bank.

Secure your next business opportunity

Apply for a BNK bank guarantee and give your landlord, supplier, or business partner the financial assurance they need without disrupting your cash flow.
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Helpful information

Terms and conditions

Full details on eligibility, interest payments and other important information.
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Fees and charges

Review the costs associated with your bank guarantee, including any applicable fees to help you manage your money.
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Frequently asked questions

Find answers to common questions to help you make informed decisions with confidence.
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Frequently asked questions

What is a bank guarantee?

A bank guarantee is a commitment from a bank to cover a financial obligation if the applicant is unable to meet their contractual commitments. It provides assurance to the beneficiary (such as a landlord, supplier, or government body) that payment will be made if required.

Who can apply for a bank guarantee?

Bank guarantees are available for the following entity types:

  • Companies (ACN or ABN provided)
  • Sole traders
  • Trusts
  • Partnerships
How are bank guarantees secured?

The BNK bank guarantee is 100% cash secured. That means that if you need a $100,000 bank guarantee, you will need to deposit $100,000 with BNK.

How long can the bank guarantee be held for?

You have the flexibility to set an expiry date or leave it opened ended, as required by your obligations to the beneficiary.

Who can be a beneficiary?

This is the third party you provide the bank guarantee to. A beneficiary must:

  • Be a legal entity; and
  • Have a valid ABN or ACN (if the beneficiary is not an individual)
How can I cancel a bank guarantee?

To cancel your bank guarantee, one of the following needs to occur:

  • You or the beneficiary returns the original guarantee to us
  • The beneficiary cancels the guarantee
  • The guarantee expires
  • The beneficiary has been paid

Things you should know

Information provided is general only and does not take into account your personal objectives, financial situation, or needs. Any rates advertised are current as at 13 August 2025 and are subject to change.

Eligibility criteria, fees, and charges may apply. You should seek independent advice and read the relevant terms and conditions, Financial Services Guide, Product Disclosure Statements and Target Market Determinations for the product(s) before deciding if the product(s) is right for you.