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Have you or your business been impacted by coronavirus? We’re here to help.
If you’ve been impacted and need to pause your home loan, car and equipment loan or credit card repayment please fill out this form. If you are a business banking client, please reach out to your relationship contact.
"Turn your cash into opportunity and get on with growing your business sooner."
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.
Our Express Bank Guarantee must be fully secured with cash. Our standard bank guarantee is available for other security types.
We will only charge you an upfront fee, then a fee if you vary your guarantee or require us to attend settlement.
Set an expiry date or leave it open-ended.
We can typically process your application within four business days once we've received your completed form and funds.
Your cash is held in a Macquarie business account under your own name for added peace of mind.
Guarantee between $25,000 to $1 million.
Download and read a copy of the Product Disclosure Statement for Deposit Products and Non-Cash Payment Facilities.
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 |
We currently don’t charge 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.
If you are a new customer to Macquarie, you will need to complete an anti money laundering form. Simply download the relevant form below and send it through with your application for processing.
| AML form | Link |
|---|---|
| Individual and sole trader | Download PDF |
| Association | Download PDF |
| Government body | Download PDF |
| Registered co-operative | Download PDF |
| Australian unregulated and foreign trust | Download PDF |
| Australian regulated trust | Download PDF |
| Australian company | Download PDF |
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:
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.
For more information, please contact your relationship manager or request a call.
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.
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.