Suncorp Bank
Bank Guarantee for Businesses
A written commitment issued on your behalf in favour of a third party to undertake to pay on demand the amount specified in the guarantee to meet your obligations under a contract signed between yourself and a third party.
Business loansBank updated 23 Mar 2026
At a glance
- Pricing
- Rates on application
- Loan size
- — to $1,000,000
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cancellation Fee (each) | Event | $100 | — | This fee is charged at the time the Bank Guarantee is returned to the Bank and cancelled. |
| Establishment Fee | Event | 0.50% of balance | — | 0.50% of the Bank Guarantee amount or approved facility limit (minimum $100). Where security is required additional fees may be applicable, such as, valuation, documentation settlement, and search fe… |
| PPS Registration Fee (Term Deposit) | Event | $6 | — | Term Deposits only |
| Variation Fee | Event | $100 | — | This fee is charged at the time the Bank Guarantee is varied on customer request. This occurs when there is a change to the favouree details and/or when the amount of the Term Deposit that secures th… |
| Registration Fee (New Property Security) | Other | $0 | — | Determined at the time of the application |
| Ongoing service fee | Periodic | 1.50% of balance | Every 6 mo | 1.5% (rounded to the nearest dollar) payable per half year in advance. Minimum of $150 per half year. |
§ 03 — Features
- · Free up working capital by providing a Suncorp Bank Guarantee.
- · When you are looking to purchase or build a property, a Suncorp Bank Guarantee can be issued to the vendor or building contractor in place of a cash deposit.
- · A Bank Guarantee can be issued to the landlord or real-estate agent as a bond for security against items like damage or unpaid rent.
- · They can be used as Maintenance/Retention Bonds - e.g. builder’s post-completion obligations during a warranty period
- · They can act as Performance bonds e.g. in favour of a Local council/ Government Department for minor construction/ development projects
- · Security type: term deposit or a property mortgage with Suncorp Bank
- · Term: Any term you choose or no fixed term (ongoing)
§ 04 — Eligibility & limits
- · Amount — to $1,000,000
- · You must have a term deposit or an existing Suncorp Bank property mortgage that can be offered as security for your Bank Guarantee.
- · You will need to provide a completed application with supporting documentation relevant to the bank guarantee purpose.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Suncorp Bank under the Consumer Data Right, last changed by them on 23 Mar 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.