A faster way forward

We make it easy to meet your guarantee requirements – plus, we won’t charge you any ongoing account keeping fees.1
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 property, or require an Environmental Performance Bond, our Express Bank Guarantee can process cash as security quicker than a standard bank guarantee.

Cash-backed

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

 

No ongoing fees

We will only charge you an upfront fee, then a fee if you vary your guarantee or require us to attend settlement.

 

Flexible terms

Set an expiry date or leave it open-ended.

Quick turnaround

We can typically process your application within four business days once we've received your completed form and funds.

 

Peace of mind

Your cash is held in a Macquarie business account under your own name for added peace of mind.

 

Guarantee limit

Guarantee between $25,000 to $1 million.

How to apply

Download and read a copy of the Product Disclosure Statement for Deposit Products and Non-Cash Payment Facilities.

 

Have the following ready:

  • beneficiary details including legal name, ABN/ACN and street address
  • funds equivalent to your guarantee amount plus the $400 application fee
  • your bank account details
  • your tax file number.

What happens next?

  • complete the application form and transfer the funds
  • we can typically process your application within four business days once we’ve received your completed form and funds. 

Fees and charges

We don’t charge ongoing fees.1

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.

Fee Amount
One-off application fee $400
Account keeping fee N/A
Line fee N/A
Variation of a Bank Guarantee* $50
Settlement fee** $350

 

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.

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.)

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.

Fees applicable for an Express Bank Guarantee are one-off establishment fee of $400, a $50 variation fee if you make changes after settlement and a $350 settlement fee if Macquarie is required to attend settlement on your behalf.

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 deposited via EFT transfer (no cheque deposits) to an eligible Macquarie business account. 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.

Additional information

The information on this page has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited AFSL & Australian Credit Licence 237502 ("Macquarie") for general information purposes only, without taking into account your personal objectives, financial situation or needs. Before acting on this general information, you must consider its appropriateness having regard to your own objectives, financial situation and needs. The information provided is not intended to replace or serve as a substitute for any accounting, tax or other professional advice, consultation or service.

1

Additional fees may apply such as a $50 variation fee if you make changes after settlement and a $350 settlement fee if Macquarie is required to attend settlement on your behalf.

*

Charged if you make a change to your bank guarantee such as amending the amount or changing the dates after settlement.

**

Charged if Macquarie is required to attend a settlement on your behalf.