Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Electronic Bank Guarantee Scheme
From paper to portal — verification-first guarantees
An electronic bank guarantee scheme replaces manual, paper-heavy workflows with an online process that’s faster to issue, easier to verify, and simpler to manage across amendments, reductions, and releases.
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.
Digital-by-default
Issue and manage guarantees online — no couriers or in-branch handling.
Verification-first
Beneficiaries confirm authenticity in seconds via the portal.
Lifecycle control
One source of truth across amendments, reductions, and release.
Applicants
- • Faster issuance and fewer admin loops
- • Clear status, notifications, and audit logs
- • Portfolio reporting across locations/projects
Beneficiaries
- • Instant verification and reduced fraud exposure
- • Less back-and-forth over “latest version”
- • Faster acceptance and claims processing
Frequently Asked Questions
Electronic schemes — the practical details
?
What is an electronic bank guarantee scheme?
What is an electronic bank guarantee scheme?
An electronic (digital) scheme is an end-to-end online process for creating, verifying, amending, and releasing bank guarantees — removing paper handling and manual checks.
Compare formats: digital vs paper.
?
How do beneficiaries verify authenticity?
How do beneficiaries verify authenticity?
Through a secure portal that confirms status and details in seconds — no branch phone checks.
Try: verification online.
?
Is digital legally enforceable?
Is digital legally enforceable?
Yes. Enforceability flows from wording and the issuing bank — not paper. Beneficiaries accept digital when wording and issuer meet requirements.
Share with counterparties: requirements (Australia).
?
Where does an e-guarantee scheme help most?
Where does an e-guarantee scheme help most?
- Commercial leases — faster commencement and clear release paths.
- Tenders — meet bid deadlines with instant verification.
- Construction — portfolio control across milestones.
?
How fast is issuance?
How fast is issuance?
With onboarding complete and documents ready, issuance can complete the same business day.
?
What about costs and fees?
What about costs and fees?
Applicants typically pay bank/platform fees; beneficiaries usually do not.
Learn more: bank guarantee fees and no application fee.
Explore more: online issuance · platform · same-day issuance · digital vs paper · fees