Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Electronic Guarantee
Paperless, bank-issued, instantly verifiable — backed by AMP Bank
Businesses are adopting an electronic guarantee to cut delays, reduce risk, and improve control. It replaces paper with a bank-issued, digital instrument that counterparties can trust and verify instantly.
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 is an e-guarantee with MyGuarantee
MyGuarantee delivers a bank-issued, paperless instrument managed end-to-end online. It’s distributed on behalf of AMP Bank, so acceptance is straightforward. You create, approve, amend, and cancel in one secure workspace with live status and a complete audit trail.
Applicants pay $0. There are no onboarding, application, or recurring fees — and no hidden courier or handling costs. Same-day processing is standard once onboarding is complete, keeping tenders, leases, and projects moving without branch visits or manual paperwork.
How the process works
Register your organisation and complete due-diligence checks. Create a guarantee by selecting the beneficiary and setting the amount, expiry, and terms. The beneficiary approves through a secure link or portal with clear guidance and identity verification.
Settle funds with MyGuarantee to activate the instrument. After activation, you can reduce amounts as milestones are met. If a claim is made, MyGuarantee verifies authority before paying the beneficiary’s nominated account. Every step is logged with time-stamped evidence.
Why organisations choose MyGuarantee
Efficiency and speed
Issuance happens in hours, not weeks. Workflows remain online, so there’s no paper or postage. Real-time amendments reach all parties immediately. Automation handles routing and approvals, which reduces rework and eliminates waiting for signatures.
Security and fraud reduction
Data is protected with bank-grade encryption. Role-based access ensures only authorised users act. Beneficiaries verify instruments on demand, shrinking impersonation and document-tampering risks. The platform replaces emailed scans with controlled, traceable actions.
Visibility and governance
Teams see the same live record across legal, finance, and operations. Instant notifications highlight required actions and deadlines. Audit-ready logs capture who did what and when. Reports export in minutes to support governance, tenders, and reviews.
Flexibility that lowers lifetime cost
Set bespoke expiries and align reductions to contract milestones. Digital amendments avoid re-issuance and courier costs. Counterparties stay aligned because updates are distributed instantly. That flexibility scales from single sites to national portfolios.
Sustainability and cost clarity
The process is paperless, which cuts waste and transport emissions. Applicants pay $0, so budgeting is simple with no surprise extras. Operational effort drops as manual tasks disappear, freeing teams to focus on outcomes, not paperwork.
Comparing providers
When evaluating options, ask about speed, amendment workflows, verification, and acceptance. Look for a secure digital bank guarantee platform that provides role-based access and immutable logs. Review real-world experiences by scanning digital bank guarantee reviews during due diligence.
Confirm portfolio fit and operational coverage. A modern digital bank guarantee platform should support complex approval chains, multi-entity structures, and external stakeholders. Standardise terminology and acceptable wording early to minimise rework later in the process.
Use cases and adoption
Commercial landlords and tenants streamline lease security without handling paper. Builders and subcontractors align reductions to project milestones. Government contractors gain transparency for audits. SMEs benefit from guided steps and quick turnaround through SME bank guarantee digital issuance that keeps things simple.
Procurement teams often reference policy documents and templates when checking acceptance language. Property managers may consult a landlord bank guarantee requirements template confirm wording and presentation. MyGuarantee provides clear, shareable documentation for both groups.
Understanding formats and scope
Map the types of bank guarantees your business uses across projects. Align amounts, expiries, and approval paths to each scenario. Electronic guarantees make this easier because information stays consistent, searchable, and tracked across the entire portfolio.
As requirements evolve, you can amend the instrument rather than re-paper. Beneficiaries receive updates immediately. Everyone works from the current, verified version, which keeps operations tight and reduces disputes.
Common questions
What is an electronic bank guarantee?
It’s a bank guarantee that is created, issued, and managed digitally. With MyGuarantee, the instrument is distributed on behalf of AMP Bank, verified online, and tracked with a complete audit trail.
How much do banks charge for a bank guarantee?
Traditional models often include establishment and ongoing percentage fees. Charges vary by bank, amount, security, and term. MyGuarantee charges applicants $0, removing onboarding, application, and recurring fees from your budget.
How does an e-guarantee work?
Register, create terms, and nominate the beneficiary. The beneficiary approves digitally. Funds settle, then the guarantee activates. Status, amendments, and cancellations are managed online with notifications and full visibility.
What is the $250,000 bank guarantee in Australia?
Some leases and contracts specify a fixed value, such as $250,000, for higher commitments. MyGuarantee supports custom amounts and expiries, aligning the instrument to contractual requirements and milestone-based reductions.
Get started
Book a short demo to see how an electronic guarantee streamlines issuance and acceptance while improving governance. Bring your portfolio online, cut risk, and move faster with electronic guarantees trusted by counterparties and delivered without hidden fees.
Book a demo today!