Completely digital
End-to-end online workflows - no paper, no postage - reducing time, risk, and environmental impact.
Paperless Bank Guarantee
The Future of Secure, Fast, and Transparent Financial Assurance
A paperless bank guarantee is transforming how businesses manage financial security. By eliminating paperwork, delays, and risks, MyGuarantee provides a seamless way to issue, track, and verify guarantees online. This innovation is redefining trust in commercial and corporate finance.
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 a Paperless Bank Guarantee?
Paperless bank guarantees, often called Electronic Bank Guarantees (e-BG), are a fully digital version of a traditional guarantee. Unlike physical documents, it exists entirely online, from application through to issuance and beneficiary verification.
Digital stamping and electronic signatures replace wet ink. The completed guarantee is hosted securely on the digital bank guarantee platform, ensuring immediate, fraud-proof access for both applicants and beneficiaries. This is how digital bank guarantee Australia services, like MyGuarantee, deliver unmatched speed and security.
Benefits of going paperless
Adopting a paperless bank guarantee delivers advantage for businesses of all sizes:
- Speed: Issuance takes minutes, not days.
- Security: Digital encryption removes fraud and loss risks.
- Convenience: Manage guarantees anywhere, anytime.
- Transparency: Real-time notifications and progress tracking.
- Audit-ready: Complete digital logs ensure compliance.
- Cost savings: Eliminate courier fees and manual handling.
For an SME bank guarantee digital issuance, this means faster access to working capital and smoother business operations.
Why Choose MyGuarantee?
MyGuarantee stands out by offering:
This efficiency makes it easier for businesses needing a bank guarantee for commercial lease, government contract, or supplier security.
Questions About Paperless Bank Guarantees
What are the three types of bank guarantees?
The main types are Commercial Lease Bank Guarantee, Performance Bank Guarantee, and Payment Bank Guarantee. Each serves a different purpose but can now be digitised for faster, safer transactions.
What does paperless mean in banking?
Going paperless means replacing physical documents with digital records. For guarantees, it allows parties to view, download, and track documents instantly through bank guarantee online platforms like MyGuarantee.
How to make an e-bank guarantee ?
Apply through our online platform at MyGuarantee. The entire process, from submission to issuance, is completed digitally. There’s no need to visit a branch, simplifying setting up bank guarantees online.
What is ABG and PBG? ?
ABG (Advance Bank Guarantee) secures advance payments, while PBG (Performance Bank Guarantee) ensures contract completion. Both can now be issued digitally for enhanced efficiency.
The Importance of Digital Transformation
Understanding bank guarantee definition Australia is vital in today’s business landscape, to ensure you get the right service for your business. A bank guarantee provides assurance that obligations will be met, protecting beneficiaries from risk. Moving this process online removes delays and fraud while strengthening financial trust.
Get in Touch with Our Team of Experts Today!
A paperless bank guarantee is no longer a future concept but today’s
reality. With solutions like MyGuarantee, businesses can secure
obligations quickly, transparently, and sustainably. Whether you need
a guarantee for leases, contracts, or performance, going digital
delivers unmatched benefits.
Book a demo today!