Payment Bank Guarantee

Secure cashflow and strengthen trade with a fast, fully digital payment guarantee backed by AMP Bank.

Securing Cashflow and Strengthening Trade

In business, cashflow is king. For suppliers and exporters, the greatest risk often isn’t about producing goods or delivering services—it’s about whether they’ll get paid on time, or at all. Late or missed payments strain working capital, disrupt operations, and damage long-term relationships.

That’s why a Payment Bank Guarantee exists. It gives suppliers assurance they will be paid, while giving buyers the flexibility to trade without tying up excess capital.

With MyGuarantee, backed by AMP Bank, this crucial instrument is faster, more transparent, and entirely digital.

Why Payment Guarantees Matter

For suppliers: a financial safety net—if the buyer fails to pay, they can claim on the guarantee and protect cashflow.
For buyers: demonstrates financial credibility and reduces the need for upfront payments, freeing working capital.
For new trade partners: a foundation of trust when working together for the first time.

How MyGuarantee Makes It Simpler

Payment guarantees have traditionally meant weeks of paperwork, couriers, and uncertainty. MyGuarantee replaces this with a streamlined, digital-first approach:

100% Digital – No paperwork, no delays, no lost documents.
Faster Settlement – Create and verify guarantees in days, not weeks.
On-Demand Verification – Beneficiaries can check validity instantly.
Customised Terms – Set expiries to match delivery or payment milestones.
Audit Trail & Notifications – Every action recorded and shared for transparency.

A Practical Example

An Australian exporter agrees to supply goods to an overseas buyer.
The exporter requests a Payment Bank Guarantee to reduce risk.
Through MyGuarantee, the buyer creates and assigns the guarantee; the exporter verifies it online.
Once the shipment is delivered, the buyer pays as agreed.
If the buyer defaults, the exporter claims on a legally enforceable guarantee, with verification and payout managed securely by MyGuarantee.

Benefits to the Industry

Suppliers & Exporters protect cashflow and eliminate payment risk.
Buyers negotiate better terms without locking up large upfront capital.
Trade Partners build trust faster, enabling long-term collaboration.

A Payment Bank Guarantee isn’t just a financial tool—it’s a trust enabler. By securing payment obligations, businesses can focus on growth, trade expansion, and partnerships. With MyGuarantee, the entire process is digital, efficient, and transparent—ensuring suppliers get the security they need while buyers gain the flexibility they want.

Unlocking Confidence in Cashflow

Commercial relationships thrive on trust. With MyGuarantee, that trust is underpinned by technology that ensures guarantees are not just legally binding, but also faster, safer, and more transparent than ever before.