Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Fee Free Digital Bank Guarantee
Practical, transparent assurance without upfront costs!
A fee free digital bank guarantee helps you to secure leases or contracts quickly while keeping setup costs low. MyGuarantee issues on behalf of AMP Bank, delivering same-day processing, paperless workflows, and real-time visibility for applicants and beneficiaries across Australia.
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 “fee free” really means for applicants
Strictly fee‑free is rare because banks may charge ongoing costs. MyGuarantee removes upfront charges for applicants, including onboarding and application fees. You gain predictable pricing, faster cycle times, and fewer hidden surprises that typically appear with paper handling and courier logistics.
Our pricing structure is very unique in the market — if you want a fee free digital bank guarantee you should get in touch with our team today!
Speed, security, convenience, and transparency
Digital workflows cut turnaround from days to minutes. Bank‑grade encryption, verified identities, and role‑based access reduce fraud. Convenience improves as teams work anywhere, anytime. Transparency increases through progress tracking, instant notifications, and an immutable audit trail that records every step for governance and compliance.
How the process works end to end
Register your account, confirm ABN or ACN, and enter beneficiary details. Specify amount, purpose, wording, and expiry. Submit for checks, review the draft with stakeholders, then approve. Final documents are delivered through online bank guarantee issuance with full traceability and searchable records. Choose a fee free digital bank guarantee to reduce paperwork, cut costs, and improve audit‑ready compliance.
Strong controls and instant authenticity checks
Security covers data in transit and at rest. Permissions restrict actions to authorised users. Beneficiaries can use bank guarantee verification online to validate documents in seconds. That reduces disputes, prevents forgery, and accelerates acceptance so projects, fit outs, and deliveries can begin on schedule.
Live tracking, reporting, and document management
Monitor applications through to issuance, amendments, and cancellation. Our platform also raises alerts flag expiries and required actions. Customisable reporting supports audits and operations. A central documents dashboard keeps every instrument and related file accessible, searchable, and exportable for finance, legal, and property teams.
Built for SMEs and larger enterprises
MyGuarantee supports SME bank guarantee digital issuance and enterprise‑scale portfolios. Templates standardise terms and reduce review loops. To streamline eligibility, we clearly outline bank guarantee requirements Australia, helping applicants submit accurate data and move through checks without rework or unnecessary delay.
Leases, projects, and procurement
A digital bank guarantee lease gives landlords bank‑backed certainty without paper risk. Tenants preserve time and reduce administrative friction. Contractors and suppliers evidence obligations quickly, enabling faster mobilisation and safer dispatch decisions supported by secure digital delivery and complete audit logs.
With MyGuarantee, our fee free digital bank guarantee helps you to secure leases quickly and transparently.
Cost clarity and measurable savings
Avoid printing, postage, and courier expenses. Reduce re‑keying and errors linked to manual handling. MyGuarantee publishes clear pricing, so bank guarantee fees are understood before approval. Applicants pay no upfront platform charges, making adoption simple for finance leaders focused on value and control.
Why MyGuarantee
We distribute digital guarantees on behalf of AMP Bank. Same‑day processing is routine once onboarding is complete. Workflows are completely digital and environmentally friendly. Real‑time tracking, instant notifications, and audit‑ready logs deliver confidence. Many clients choose fee free digital bank guarantees to accelerate growth with governance intact.
Frequently asked questions
Do bank guarantees have fees?
Yes. Most guarantees have ongoing costs set by the issuing bank. MyGuarantee removes upfront charges for applicants and keeps pricing transparent, while digital processes reduce indirect costs tied to paper, postage, and courier delays.
Does the bank charge for a bank guarantee?
Banks typically charge establishment and ongoing fees. These vary by amount, term, and risk. Our platform clarifies expected costs early, then streamlines approvals to minimise time, errors, and operational overhead for all stakeholders.
Who pays the guarantee fee?
The applicant usually pays the fee under the contract. Some agreements allow cost sharing or recovery. Clear drafting avoids disputes. MyGuarantee supports structured approvals so commercial terms and responsibilities remain visible throughout the lifecycle.
What is the $250000 bank guarantee in Australia?
The $250,000 figure relates to the Government Financial Claims Scheme for eligible deposits with ADIs. It protects deposits, not contract guarantees. Bank guarantees are separate instruments governed by agreed terms between applicants and beneficiaries.
Get started today
Move faster with a fee free digital bank guarantee that delivers speed, security, and clarity. MyGuarantee provides same‑day outcomes, modern controls, and full transparency in one portal. Secure your next agreement confidently with fee free digital bank guarantees that scale with your business.
Book a demo today!