Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
How to Get a Bank Guarantee
A clear, step-by-step path — from eligibility to fast digital issuance
Getting a bank guarantee doesn’t need to be slow or complex. Use this simple checklist to confirm eligibility, prepare documents, apply online, and manage your guarantee with full visibility.
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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.
1) Confirm eligibility
Ensure your business holds an ABN or ACN and that the beneficiary is an Australian entity. The purpose must be for business use and denominated in AUD. If you’re new to guarantees, start with what is a bank guarantee and our overview of digital bank guarantees in Australia.
2) Choose the right type
Align the guarantee to your need — lease, performance, payment, or tender. Our upcoming guide to types of bank guarantees explains common use cases. For leases, see the solution page commercial lease bank guarantee and compare bank guarantee vs security deposit.
3) Prepare documents
Have your financials, entity details, beneficiary legal name/address, ABN/ACN, requested amount, and desired expiry ready. Review any landlord or contract wording carefully. For practical tips, see where to get a bank guarantee and our fee guidance bank guarantee fees.
4) Apply online (100% digital)
Create your application in minutes — enter parties, amount, expiry, and upload supporting documents. Track progress in real time. If you’re ready, jump to apply digital bank guarantee or read our setup guide setting up bank guarantees online.
5) Issuance & verification
Once approved and funded, issuance is completed digitally — no paper or branch visits. Beneficiaries can confirm authenticity instantly via bank guarantee verification online. Learn how our platform experience compares at digital bank guarantee platform and the advantages in benefits of digital bank guarantees.
6) Manage, amend, or cancel
View status, request amendments, schedule reductions, or cancel — all online with audit trails. If speed matters, explore same-day digital bank guarantee or consider an instant bank guarantee online option (subject to eligibility and approvals).
Digital vs paper — what’s better?
Digital guarantees avoid courier delays and manual errors. See our explainer digital vs paper bank guarantee and learn about electronic guarantees. For smaller organisations, start with bank guarantee for small business.
Frequently Asked Questions
Clear answers for first-time applicants
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How long does it take?
How long does it take?
Digital workflows are typically faster than paper-based methods.
For urgent cases, see same-day digital bank guarantee.
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What wording is required?
What wording is required?
Match your lease/contract clauses exactly: governing law, presentation rules, and any claim conditions.
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How much will it cost?
How much will it cost?
Pricing depends on amount, term, and structure.
Read bank guarantee fees and explore no application fee / fee-free digital bank guarantee pages.
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How do beneficiaries verify it?
How do beneficiaries verify it?
They can confirm authenticity instantly online.
Ready to get started?
Apply in minutes and manage everything online — no paper, no branch visits. Prefer a walkthrough? Book a short demo.
Explore more topics: definition · reviews · online banking security guarantee · online issuance · SME issuance · contractors · tenders