Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Digital Bank Guarantee No Application Fee
A smarter, cleaner path to stronger commercial relationships
Choose a digital bank guarantee no application fee with MyGuarantee to secure obligations quickly and confidently. Issue same day, track in real time, and eliminate paper risk.
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.
Why MyGuarantee is different
We distribute digital guarantees on behalf of AMP Bank. Issuance is same day, without branches or couriers. Applicants pay no onboarding, application, or recurring fees. Beneficiaries enjoy instant delivery and easy verification.
Our workflow is end-to-end online. Create, approve, issue, amend, and cancel in one place. Everyone sees status, timestamps, and responsibilities. Notifications keep deals moving, while audit logs support governance and reporting needs.
If you’re asking what is a digital bank guarantee, it’s a regulated bank instrument delivered electronically. The bank promises payment if obligations fail. Our platform simply removes paper, delays, and ambiguity from the process.
Speed, security, and sustainability
We protect confidentiality using bank-grade encryption and role-based access. Strong identity checks stop impersonation. Every action is recorded with user, time, and context for complete traceability.
Digital processes reduce fraud, misdelivery, and tampering risks. They also cut paper, transport, and storage costs. Your teams operate faster while supporting ESG commitments with a paperless, digital-first approach.
Transparent pricing
With a digital bank guarantee no application fee model, applicants pay nothing to MyGuarantee. No onboarding costs. No recurring platform charges. Bank facility or issuance fees follow your banking arrangements and remain fully transparent.
Beneficiaries gain predictable pricing and faster confirmations. Fewer disputes, fewer follow-ups, and less administrative overhead. The total cost of ownership drops while control and visibility rise.
How it works
Create an account, select amount and beneficiary, then submit for approval. We guide you through setting up bank guarantees online in minutes. Once approved, AMP Bank issues and we distribute electronically to every stakeholder.
Our verification page explains how to verify bank guarantee online using a unique reference. Beneficiaries can confirm authenticity instantly. No phone calls, no chasing originals, and no courier delays.
Many clients ask about digital vs paper bank guarantee processes. Digital instruments are quicker to amend, impossible to “lose,” and easier to audit. Paper relies on physical originals, couriers, and manual checks that slow projects and leases.
For landlords, we help align acceptance criteria and provide a landlord bank guarantee requirements template for internal policies. Configure templates by portfolio, property, or sector, then standardise terms to minimise exceptions.
Who benefits
Commercial landlords and tenants manage lease security efficiently across portfolios. Construction and engineering firms accelerate mobilisation and variations. Equipment lessors, government contractors, SMEs, and large corporates all gain speed, control, and certainty.
FAQs
Can we get a bank guarantee online?
Yes. MyGuarantee enables full digital issuance on behalf of AMP Bank. Identity checks, approvals, and distribution happen in our platform. You’ll see live status and receive instant confirmations.
What are the fees for a bank guarantee?
Applicants pay zero to MyGuarantee: it’s a digital bank guarantee no application fee experience. Facility, issuance, or beneficiary fees are determined by the bank and agreement terms. We keep pricing transparent and visible inside your dashboard.
What are the disadvantages of a bank guarantee?
You must maintain an appropriate facility, which can affect borrowing capacity. Some beneficiaries specify strict formats or conditions. Traditional paper instruments add courier delays and loss risks. Our digital process eliminates the paper-related drawbacks.
What are the advantages of a bank guarantee?
Risk transfers to a regulated bank, improving counterpart confidence. Cash remains available for operations, unlike cash deposits. Digital delivery brings faster issuance, instant verification, real-time amendments, and audit-ready logs for compliance.
Governance and compliance
Configure approval workflows by business unit and role. Enforce least-privilege permissions and SSO for enterprise policy alignment. Export complete activity logs for audits, tenders, and internal reviews. Data is encrypted in transit and at rest within Australian regions.
Make the switch
Replace paper complexity with clarity, speed, and control. Book a demo and experience same-day issuance, total visibility, and zero applicant fees. Choose a digital bank guarantee no application fee today and power safer, faster deals with MyGuarantee and AMP Bank.
Book a demo today!