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

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Corporates + Public Sector

Corporate Public Sector
 

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Get in touch


Gys Wilson

JWilson1@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

Get in touch

Other ways to apply

Contact us

What is required

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