Bank guarantees in less than 24 hours
The preferred bank guarantee provider for the commercial property ecosystem.
Earn interest on your Term Deposit
Lock in a competitive rate on your Term Deposit security with interest paid to you every 3-months.
Up to
5.25
%
p.a.
Avenue gets you there faster
Easy online application in minutes
Instant pre-approval
Your bank guarantee issued in as little as 24hrs2
No need for a director guarantee or property as security
More avenues to save
Earn up to 5.25% p.a. interest on your security deposit1
No establishment fees3
We charge a monthly 2.95% p.a. guarantee fee
Deposits secured via government-backed guarantee4
We guarantee it'll be good
Apply
It only takes minutes, and there's no lengthy credit assessment.
Sign
Download your draft bank guarantee, verify business details and sign electronically.
Deposit
We’ll issue your bank guarantee once we receive your security deposit.
What you’ll need before you apply
Details you need
- Your contact details
- Your business details
- Your beneficiary’s details
- Your bank guarantee purpose
Eligibility criteria
- Your business has a valid ABN (or ACN for corporate trustees)
Australian businesses are moving faster with Avenue
"Avenue makes an outdated & painful experience super slick - and it works for tenants, business owners & landlords."
Nudge Group
Steve Grace, CEO & Founder
"We required two bank guarantees over Christmas shutdown period & Avenue delivered with exceptional speed & support."
Heidi
Sebastian Dalzell, Head of Finance
"Avenue delivered our BG in under a week, not six like our usual bank. The whole process couldn't have been easier. "
Alseasons
Sean Hogan, Director
"The easiest experience I've had. The process exceeded my expectations. Proactive and BG issued in under 3hrs!"
Michele In The World
Giuseppe Costagliola, CEO
"I used to dread getting BGs. Avenue Bank helped me navigate every issue with minimal fuss, timely and with thanks. "
Royal Stacks
Dani Zeini, Founder and Director
"Avenue Bank was fast & highly communicative -secured our lease guarantee when big banks couldn’t. Highly recommend!"
TTB Fitness
Thomas Rowen, Owner
"There is hands down no better way to get a BG. Avenue is a game-changer. Fast, efficient, and refreshingly easy."
Green Pty Ltd.
David Green, Co-founder & Director
"While my bank was still tied up with paperwork, you’d already issued the BG. Fast, seamless, and hassle-free. "
BusinessHub
Adam Hindmarch, Managing Director
"Avenue was incredible to deal with. They made this process extremely easy when I was under a strict deadline."
The Grant Group
Stephen Grant, Founder & Managing Director
"Avenue Bank’s products are refreshing and innovative. It feels like we are in really good hands."
Tank Stream Labs
Bradley Delamare, CEO
What we cover and more
Lease Bank Guarantees
Lease bank guarantees provide landlords with security for a tenant's obligations under a commercial lease.
Performance Bank Guarantees
Performance bank guarantees provide beneficiaries with assurance that contractual obligations will be fulfilled in accordance with agreed terms.
Project Bank Guarantees
Project bank guarantees provide beneficiaries with security that project obligations will be completed in accordance with agreed terms.
Why a performance guarantee?
A performance guarantee is a crucial instrument in any business transaction, providing the beneficiary complete assurance that contractual obligations are performed - no matter any disruptions.
Frequently Asked Questions
Yes, Avenue’s bank guarantee is 100% cash secured. This means that if you need a $100,000 bank guarantee, you’ll need to deposit $100,000 into a term deposit with us as security.
Yes, provided we receive clear instructions from the landlord and the tenant, a bank guarantee can be cancelled or modified.
The funds are held in an Avenue term deposit account and earns interest. They are used as security for the life of the bank guarantee.
A few things need to be completed.
Apply – You’ll need to submit an application form and verify your identity with us. Depending on your circumstances we may need some additional details. We’ll be in touch if anything comes up.
Sign – Once we’ve approved your application, we’ll send out your contract package for you to review and sign.
Deposit – You’ll then need to send us your security deposit. Once this is in place, we’ll issue your bank guarantee straight away
