online-bankers-guarantee

Online Banker’s Guarantee

Get your migrant worker security bonds via DBS Banker’s Guarantee
from now till 30 April 2024 and be rewarded with 20% off
our customisable Select+ Package Insurance*!

Online Banker’s Guarantee

Get your migrant worker security bonds via DBS Banker’s Guarantee
from now till 30 April 2024 and be rewarded with 20% off
our customisable Select+ Package Insurance*!

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

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)

*OFFER: $100 OFF processing fee if you submit digitally via IDEAL

Local Courier Fees

Free!

Local Courier Fees waived for all applications submitted via IDEAL.

 

Full details of the Trade Services fees and charges.
 

Promotions
discount

Limited Time Promotion

Don’t let paperwork wear you out! Secure your migrant worker security bonds via DBS Banker’s Guarantee with a fuss-free online application and be rewarded with 20% off our customisable Select+ Package Insurance from now till 30 April 2024*!

*Terms and Conditions apply

Sign up now


 

Eligibility
  • You need to be a Singapore-registered company
     

With access to Trade Finance
in DBS IDEAL?

Apply via DBS IDEAL

Without access to Trade Finance
in DBS IDEAL?

Apply via Online BG

 

How to Apply

Step 1: Apply online in just 5 minutes.

Step 2: Expect a call within 1-2 business days.

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.

Step 4: Your banker’s guarantee is ready.

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

Electronic Banker’s Guarantee Programme with Singapore Customs
 
Enjoy more business efficiencies when you submit your banker’s guarantee online to Singapore Customs!

 

Learn More

 

Apply for Standby Letter of Credit (SBLC) now!