Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Digital vs Paper Bank Guarantee
Both protect beneficiaries. Only one removes friction.
A bank guarantee’s power comes from the wording and the issuer — not whether it’s printed on paper. Here’s how digital formats streamline issuance, acceptance, and lifecycle management for modern teams.
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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.
At a glance
Digital guarantee
- • Issue, amend, and cancel online — no couriers.
- • Beneficiaries verify authenticity instantly: verification online.
- • Immutable audit logs, role-based access, alerts.
- • Faster acceptance; fewer disputes at claim time.
- • Ideal for multi-site portfolios and frequent changes.
Paper guarantee
- • Physical delivery risk (loss, delay, damage).
- • Manual authenticity checks; branch phone-tag.
- • Version confusion after amendments.
- • Higher admin, courier, and storage overhead.
- • Slower starts for time-critical leases/tenders.
New to guarantees? Start with what is a bank guarantee and how a bank guarantee works in Australia.
Acceptance hinges on wording and issuer
Whether digital or paper, a guarantee is accepted based on its wording and the issuing bank. Ensure correct parties, addresses, governing law, presentation rules, and on-demand phrasing. Use our requirements (Australia) and landlord template to avoid rework.
Speed & timetables
Digital removes courier loops and branch visits. With onboarding complete, many cases are issued the same day — see same-day issuance.
Verification & fraud
Beneficiaries confirm authenticity online, reducing fraud exposure and phone-check delays: verify online.
Amendments & reductions
Digital tracks version history automatically and avoids “which document is final?” issues. Learn the lifecycle in how it works.
Governance & audit
Role-based access, event timelines, and exportable logs simplify reviews and claims. Explore security controls.
Cost & admin
Reduce courier fees, storage, and manual chasing. For pricing context, see bank guarantee fees and no application fee.
Portfolio scale
Portfolio dashboards and alerts keep multi-site teams aligned. See the digital platform.
Where digital delivers the biggest wins
Commercial leases
Faster lease commencements; clearer change control. See lease use case and the solution page.
Tenders & projects
Tight bid windows and milestone-based reductions. Read tender guarantees and contractor guide.
SMEs & multi-site teams
Guided steps and real-time status reduce admin. Start with small business guide.
Frequently Asked Questions
Digital vs paper — clear answers for decision-makers
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Is a digital guarantee legally valid?
Is a digital guarantee legally valid?
Yes. Legal force comes from wording and the issuing bank — not paper.
See benefits of digital.
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Will landlords and principals accept it?
Will landlords and principals accept it?
Acceptance is driven by correct wording and a recognised issuer.
Share requirements (Australia) and verification with counterparts.
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How fast can I issue digitally?
How fast can I issue digitally?
With onboarding complete and documents ready, same-day outcomes are common.
Ready to modernise your guarantees? Apply online in minutes or book a quick walkthrough.
Explore more: benefits · risks of paper · platform · types · definition · where to get one