online-bankers-guarantee

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

Enjoy competitive rates and exclusive online offers

Save time

Skip the branch visit and apply online anytime, anywhere

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 / Amendment fees for standard format (Minimum fee, whichever is higher)

Tenor ≤ 2 year:

1% p.a. or min. S$100

Tenor > 2 year:

1.5% p.a. or min. S$100

2% p.a. or min. S$100

Processing Fees

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

S$300 (includes lodgement with ACRA)

S$100 OFF all online applications!

Local Delivery Fees

Free!

Local Delivery Fees waived for all online applications.

 

Full details of the Trade Services fees and charges.


*For Banker’s Guarantee tenors of less than or equal to 3 years, cash is required as a form of collateral. 
 For Banker’s Guarantee tenors of more than 3 years, fixed deposits are required as a form of collateral.

Eligibility

You need to:

  • be a Singapore-registered company (excluding sole-proprietorship or partnerships owned by a company).
  • not have an existing banker’s guarantee credit facility with us. If your company already has this service, please apply via DBS IDEAL
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.

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