Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Switch to FNB Business

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By Turnover

First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Enterprise Business (R60 million - R150 million+ p.a)

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Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services Guarantees

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Insure

Insurance

For my employees

Staffing Solutions Employee benefits

Forex + Trade

Foreign Exchange International Trade Structured Trade + Commodity Finance Business Global Account (CFC account)

Value Adds + Rewards

Connect my business the dti initiatives Business Hub eBucks Rewards for Business DocTrail™ CIPC Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

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Overview

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Corporates + Public Sector

Corporate Public Sector

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Private Banking

Private Banking

Get in touch


Gys Wilson

Wilson1@fnb.co.za

Guarantees


Helping you with successful & safe transactions


A guarantee is an efficient solution FNB customers can use to enable trust between two parties in a transaction. The guarantee replaces the need for one party to provide another form of security such as cash.

What this is


A Local Guarantee is where a guarantee is issued to a beneficiary in South Africa, whereas a Foreign Guarantee is where a guarantee is issued to a beneficiary outside of South Africa.

FNB can issue guarantees directly to foreign beneficiaries or indirectly to foreign beneficiaries via a foreign bank.

Read more about the guarantees we offer in our Guarantees Brochure

Guarantees offered:

 

The benefits


Form of security

It replaces the need to provide other forms of security (such as a cash deposit), as the beneficiary knows they will be paid.



Investment growth

The security (such as a cash deposit) can be invested in an interest-bearing account.



Business growth

As the beneficiary relies on the guarantee, the transaction can proceed.



Business intent

Indicates the business standing of the Applicant as FNB is willing to underwrite their obligations.



Minimal admin

It removes the admin burden of getting the beneficiary to return security that has been provided.



Parties involved


Aimed at building trust

As a minimum, the following parties are involved
Beneficiary

The party who relies on the guarantee as security against the risk of non-performance/default by the applicant

Applicant
The party applying for the issuance of a guarantee to cover the risk of their non-performance/default

Guarantor
The party who issues a guarantee on behalf of the applicant

 

 

Getting it made easy


Guarantees

Qualifying criteria

  1. Existing FNB Current Account
  2. FNB Online Banking

How to get it

Call me back

Other ways to apply

Contact us

Get In touch

What is required

  1. The Guarantee application
  2. The sales contract will assist you in ensuring that the correct guarantee is issued