Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Digital Bank Guarantee Australia
Same-day, paperless issuance with instant verification and full audit trails
Australian businesses are moving to digital bank guarantees Australia to speed approvals, reduce fraud risk, and improve control. A digital model removes paper handling, couriers, and branch visits while giving beneficiaries instant verification, live status, and clear audit trails for governance and compliance.
Our Network
Features and Benefits
MyGuarantee offers secure, cost-effective and sustainable digital bank guarantees through an efficient and responsive application process - delivering speed, transparency, accuracy and security.
Fast
Digital requests and confirmation with beneficiaries
Cash Secured
Cash secured with Perpetual and AMP
No Fees
No application fee and no recurring fees
Key Features
Everything you need to deliver a complete MyGuarantee experience.
Same-day processing
Once onboarding is complete, guarantees can be created, approved and activated in hours.
Secure against fraud
Bank-grade encryption, verification, and role-based access controls across every action.
Live tracking
Real-time status from application to issuance, amendments and cancellation.
Reporting
Customisable reports for audit and operations.
Real-time updates
Instant email and dashboard notifications on status changes and required actions.
Full transparency
Clear visibility over every step to build trust with applicants and beneficiaries.
Documents dashboard
Single place to view, manage and download digital guarantees and related files.
Visible audit trail
Immutable, time-stamped logs of changes and approvals - auditor-ready, always.
What “digital” means for your guarantee
A digital process covers creation, approval, issuance, amendments, and release online. Stakeholders work from one current version with full visibility. Beneficiaries verify authenticity instantly, reducing disputes at claim time and eliminating uncertainty around copied or altered documents.
MyGuarantee distributes bank-issued instruments on behalf of AMP Bank. Once onboarding is complete, issuance occurs the same day in most cases. Applicants pay no onboarding, application, or recurring fees. The experience is secure, efficient, and sustainable from start to finish.
Application steps with MyGuarantee
Apply for an AMP Digital Bank Guarantee through the platform. Complete identity verification and provide required information. Receive an approval response in your dashboard, then proceed to digital issuance. Status and notifications keep legal, finance, and property aligned throughout every action.
Gather recent financial statements, income evidence, and loan details. Confirm beneficiary name, ABN or ACN, address, amount, and expiry. Match wording to your lease or contract requirements to avoid rework. Set planned reductions aligned to milestones for smooth, traceable adjustments later.
1. Apply
Apply for an AMP Digital Bank Guarantee through MyGuarantee.
2. Verify
Complete the ID verification and required MyGuarantee information.
3. Response
Receive a response in MyGuarantee once approved.
Eligibility checklist
Ensure both parties hold an ABN or ACN. Supported entity types include public and private companies and government bodies. The instrument must be for business purposes and denominated in AUD. These checks prevent delays and help approvals move swiftly through review.
Here are the simple checks you can do before applying for digital bank guarantees:
1. Registered business
Both your business and the beneficiary must have an ABN or ACN.
2. Entity type
Any Australian entity such as a public or private business, or a government entity.
3. Appropriate use
The guarantee must be used for business purposes and issued in Australian dollars (AUD).
Security, verification, and control
The platform uses bank-grade encryption and role-based access. Beneficiaries can validate instruments online at any time. Immutable, time-stamped logs capture who acted and when. That evidence accelerates audits, tenders, and internal reviews without assembling extra paperwork.
Operational benefits for portfolios
Teams manage multiple instruments across sites with central visibility. Amendments and cancellations occur online, removing courier delays and misplaced originals. Reporting supports governance and forecasting. A modern approach lowers operational risk while improving stakeholder confidence in every transaction.
Understanding the concept
Many readers start by searching for bank guarantee definition Australia. In practice, the concept is straightforward: a bank promises to pay the beneficiary up to a stated limit if the applicant defaults, according to the instrument’s terms and the underlying contract.
For clarity, how does a bank guarantee work in Australia is answered by the same principle. The beneficiary demands payment under the instrument. The bank assesses whether presentation and conditions are met. If satisfied, the bank pays up to the maximum amount stated.
Digital versus paper
A digital bank guarantee avoids manual signatures, scanning, and physical delivery risks. Real-time verification reduces impersonation attempts. Updates are distributed instantly, so everyone acts on the latest version. That combination delivers speed, transparency, and fewer administrative hand-offs.
The approach also modernises everyday tasks. Users create, approve, and amend inside one controlled environment. Files, comments, and history sit together. Finance and legal teams coordinate faster because they share the same record and notification stream in real time.
Common questions (all in one place)
Can we get a bank guarantee online?
Yes. Organisations can obtain an online bank guarantee through MyGuarantee. The platform enables same-day issuance once onboarding is complete, subject to approvals and standard checks, with digital verification available to authorised beneficiaries at any time.
How to get a bank guarantee in Australia?
Confirm eligibility, gather financials, and align wording with your lease or contract. Apply in MyGuarantee, complete identity checks, and submit required documents. After approval, the instrument is issued digitally, with live tracking and role-based permissions for stakeholders.
What is a digital bank guarantee?
It is a bank-issued instrument created, issued, and managed online. Digital delivery enables instant verification, real-time amendments, and audit-ready records. This reduces fraud exposure and accelerates acceptance compared with traditional paper documents and courier-based processes.
Does Australia have digital banks?
Australia has licensed banks delivering digital services, alongside modern platforms that digitise guarantee workflows. MyGuarantee focuses on digital bank guarantees Australia, distributing bank-issued instruments on behalf of AMP Bank with secure, paperless processes designed for enterprise and SME adoption.
When speed really matters
Many leases and tenders carry tight deadlines. Same-day issuance keeps projects moving while preserving assurance standards. End-to-end online control also removes regional logistics friction, which matters for multi-site rollouts and high-volume programs across state boundaries.
Go ahead and get in touch with us today
If you manage property, construction, equipment, or government contracts, modernise your program now. Confirm eligibility, prepare documents, and begin in minutes. Experience streamlined workflows, instant verification, and complete transparency with digital bank guarantee Australia from MyGuarantee.
Ready to upgrade your security instruments portfolio? Book a short demo to see how digital bank guarantees Australia deliver speed, confidence, and control—without paper, delays, or hidden fees.
Book a demo today!