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A faster way forward

We make it easy to meet your guarantee requirements – plus, we won’t charge you any ongoing fees.

A business woman dressed professionally in a white blazer standing with her arms crossed, looking at the camera.
"Turn your cash into opportunity and get on with growing your business sooner."
Melanie Martin

Features and benefits

Whether you're buying or leasing a property, the Macquarie Express Bank Guarantee can process cash as security quicker than a standard bank guarantee.

Cash-backed

The Macquarie Express Bank Guarantee is fully secured with cash. Our standard bank guarantee is available for other security types.
 

No ongoing fees

You'll be charged a one-off upfront fee of $1,000.

Flexible terms

You can set an expiry date or leave it open-ended.
 

Guarantee limit

Guarantee between $25,000 to $1 million.

How to apply

Contact your relationship manager to discuss if this product is right for you. Before you apply, don’t forget to read the Product Disclosure Statement and Terms and Conditions.

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Have the following ready:

  • Beneficiary details including legal name, ABN/ACN and street address
  • Funds equivalent to your guarantee amount plus the $1000 application fee
  • Your bank account details
  • Your tax file number.

What happens next?

  • Your account will typically be set up within one week from the time we receive your application form, all necessary documents and funds.
  • Once your account is opened, we'll debit the account you've nominated on the application form to fund your new account, so please ensure sufficient funds are available. 
  • We'll also issue the bank guarantee to your beneficiary once your account is funded. 

Rates and fees

Fees and charges

We don’t charge ongoing fees.

While the Deposit products and non-cash payment facilities PDS outlines fees that may apply to your account, these are only charged if you request particular transactions or if you elect to open a new account following closure of your Express Bank Guarantee account.

FeeAmount
One-off application fee$1,000

 

Interest rate

0.00% pa

We currently don’t pay any interest for the Macquarie Express Bank Guarantee. This is a variable rate of interest and is subject to change at any time without notice.

Terms and Conditions

Terms and conditionsLink
Macquarie Express Guarantee terms and conditionsView conditions

Frequently asked questions

Instead of providing a deposit or bond to a supplier, a bank agrees to cover the liability on your behalf. The bank requires the value of the guarantee in cash or assets as security. (Our Express Bank Guarantee requires cash only.)

You can apply if you are an existing Business Bank client that holds a Macquarie Business Banking Account.

The Express Bank Guarantee can be backed with cash only which means a quicker turnaround.

Please fill out the amendment form and get in touch with your Relationship Manager or call us on 1800 620 673 to discuss your options. 

Macquarie Express Guarantee Amendment form 
Download pdf

Please fill out the cancellation form and get in touch with your Relationship Manager or call us on 1800 620 673 to discuss your cancellation options. 

Macquarie Express Guarantee Cancellation form 
Download pdf

An Express Bank Guarantee can be used for a range of, this may include:

  • a rental bond for your lease
  • a deposit bond
  • surety for your construction works
  • an Environmental Performance Bond (EPB)
  • a performance guarantee where required under a contract.

You have the flexibility to set an expiry date or leave it opened ended, as required by your obligations to the beneficiary.

There is a one-off application fee of $1000 applicable to the Express Bank Guarantee.

While the PDS outlines fees that may apply to your account, these are only charged if you request particular transactions or if you elect to open a new account following closure of your Express Bank Guarantee account.

Our Express Bank Guarantee is secured by cash which must be Direct Debited into an eligible Macquarie business account. You will need to open a new and standalone Macquarie Business Banking Investment Account to hold the cash that has been provided as security.

If you prefer, we also offer a standard Bank Guarantee which is secured with an asset instead.

As part of the application, you have the option to set up Electronic Banking access. Here you will be able to view your balance and manage your account 24/7 online.

For more information, please contact your relationship manager or request a call.

Additional information

DDO disclosures

This information has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502, and does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a product mentioned on this page, you should obtain and review the PDS, terms and conditions or other offer document(s) relating to that product and also seek independent financial, legal and taxation advice. Target Market Determinations are available at our Design and Distribution hub.