online-bankers-guarantee

Online Banker’s Guarantee

Faster application and competitive rates

Online Banker’s Guarantee

Faster application and competitive rates

At a Glance
You can use a Banker’s Guarantee as a payment guarantee, bid bond, performance bond, or a financial guarantee. Apply online to enjoy these benefits:
Value for money DBS

Value-for-money

Enjoy competitive rates and exclusive online offers

save time apply online DBS

Save time

Skip the branch visit and apply online anytime, anywhere

Fast issuance bankers guarantee DBS

Fast issuance

The Banker’s Guarantee will be issued when all documents received are in order

Features & Benefits

Types of Banker's Guarantees

 

Performance Guarantee

Finance Guarantee

Types of Banker’s Guarantees available

Including:

  • Payment Guarantee

  • Bid/Tenor Bond

  • Performance Bond

Issued for the purposes of:

  • obtaining credit facilities overseas

  • settling costs of proceedings

  • paying tax liabilities to IRAS.

Collateral

Fixed Deposit or Cash* of the equivalent amount

will be used to secure the guarantee

Issuance (Direct)

1% p.a. up to 2 years

1.5% p.a. above 2 years

Min commission:

S$150 (BG-Standard format)

S$250 (BG-Non-Standard format)

2% p.a.

Min commission:

S$150 (BG-Standard format)

S$250 (BG-Non-Standard format)

Processing Fees

S$100 (if lodgement with ACRA is not required)

S$300 (if lodgement with ACRA is required)

Get S$100 off for online applications!

Local Delivery Fees

Free!

Local Delivery Fees waived for all online applications.

 

Full details of the Trade Services fees and charges.


*For BG tenor of up to 3 years, cash margin is required as a form of collateral.
 For BG tenor of above 3 years, fixed deposit is required as a form of collateral.

Eligibility
  • You need to be a Singapore-registered company (excluding sole-proprietorship or partnerships owned by a company)
  • If you have an existing Banker’s Guarantee credit facility with us, please login to DBS IDEAL here to apply
How to Apply

Step 1: Apply online in just 5 minutes.

You will need your Banker’s Guarantee (BG) format.

Step 2: Expect a call within 1 business day.

Our Relationship Manager will call you to verify your identity and application details.

Step 3: Prepare your documents.

A courier will pick up your documents free of charge.

Step 4: Your banker’s guarantee is ready.

Once all documents are in order, your BG will be processed and issued.