Only bank guarantees, only for business
Avenue is the only Australian bank that specialises in bank guarantees.
Avenue gets you there faster
- Easy online application in minutes
- Instant pre-approval
- Your bank guarantee issued in as little as 24hrs1
- No need for a director guarantee or your property as security
More Avenues to save
- Earn 3.50% p.a. interest on your security deposit2
- No establishment fees for a limited time
- We charge a 3.00% p.a. guarantee fee (charged monthly in arrears)
- Deposits secured via government-backed guarantee3
We guarantee it'll be good
Apply
It only takes minutes, and there’s no lengthy credit assessment.
Sign
Download your draft bank guarantee, verify details about your business and your key people, and sign electronically.
Deposit
We’ll issue your bank guarantee once we receive your security deposit.
What you’ll need before you apply
Details you need
- Your contact details
- Your business details
- Your landlord’s details
- Your proposed lease details
Tank Stream Labs
City Laser Clinic
Edge Fit Gym
Rocket Labs
Impact Plumbing Services
design Nation
Nuage
Frequently asked questions
Avenue’s bank guarantee is used to secure commercial leases. This means that, rather than paying a bond to the landlord, you provide the landlord with a bank guarantee. Interested in applying? Check what you need to apply
Yes, Avenue’s bank guarantee is 100% cash secured. This means that if you need a $100,000 bank guarantee, you’ll need to deposit $100,000 into a term deposit with us as security.
Your Avenue bank guarantee can be issued in as little as 24 hours. Avenue’s bank guarantee application only takes a few minutes to complete.
Once we’ve verified your identity and received your security deposit, we’ll issue you with your bank guarantee.
Avenue’s bank guarantees are issued digitally. However, if you need a paper-based bank guarantee, just let us know during the application process by calling 1300 283 265 or email customerservice@avenuebank.com.au and we can arrange that for you. It’s important to check this with your landlord before you apply to avoid any delays.
Yes. You can replace your existing bank guarantee with an Avenue Bank guarantee.
Yes, provided we receive clear instructions from the landlord and the tenant, a bank guarantee can be cancelled or modified.
Your business must have a valid ACN and be registered for GST to be eligible. Ready to get started? Check what you need to apply.
The funds are held in an Avenue term deposit account and earns interest. They are used as security for the life of the bank guarantee.
We charge you a competitive guarantee fee and pay you interest on your security deposit. All fees and charges which apply to your Avenue Bank guarantee are set out in your schedule as part of your agreement with us.
A few things need to be completed.
Apply – You’ll need to submit an application form and verify your identity with us. Depending on your circumstances we may need some additional details. We’ll be in touch if anything comes up.
Sign – Once we’ve approved your application, we’ll send out your contract package for you to review and sign.
Deposit – You’ll then need to send us your security deposit. Once this is in place, we’ll issue your bank guarantee straight away
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection to deposit-holders with banks, building societies and credit unions that are regulated by the Australian Prudential Regulation Authority (APRA), in the unlikely event that one of these financial institutions fails.
The FCS is a government backed safety net for deposits of up to $250,000 per account holder per bank, building society, credit union.
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by APRA.
The FCS limit of $250,000 applies to the sum of an account holder's deposit per bank.
All deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licensed banking institution operates under a different trading name.
Information on the FCS is available on the FCS website – www.fcs.gov.au
Any questions?
We’re happy to help. Call us on 1300 283 265Mon to Fri | 9am to 5pm (AEST/AEDT)
Contact Us →Terms and conditions apply.
- 1 Subject to us receiving everything we need to issue your bank guarantee.
- 2 Interest rates are subject to change.
- 3 Deposits up to a limit of $250,000 per account holder are protected by the Australian Government’s Financial Claims Scheme.
All applications are subject to eligibility and assessment.
Avenue Bank Ltd ABN 24 628 073 085, AFSL 520239, is authorised by the Australian Prudential Regulation Authority (APRA) to operate an Authorised Deposit-taking Institution. This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should seek independent financial advice and read the relevant terms and conditions and relevant product documents prior to making a decision.
Avenue Bank acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.