Why your next bank guarantee should be digital and fast

When you choose Avenue Bank to provide a bank guarantee to secure your lease, you benefit from our brand’s promise to deliver a fast, fair and fuss-free result.

As the first Australian bank to specialise in bank guarantees, we’re the go-to experts in this product, because it’s the only thing we do!

That makes us vastly different from other business banks.

We prioritise one very clear outcome for the benefit of your business, which is getting that crucial bank guarantee over to your landlord, as quickly as possible.

Additionally, we deliver great customer service and we pride ourselves on being easy to deal with.

We’ve invested in a streamlined digital process with a quick approval timeline. It’s fully online, efficient and fast, so you can apply in as little as 5 minutes, and have your guarantee issued in less than 24 hours.

Whether you’re working to a critical deadline, or you just like to be efficient, we’ll give you a fast turnaround, so you can get the job done, and get back to growing your business.

We’re a bank that’s backing Australian businesses to grow

Avenue Bank is a fully licensed Australian bank, regulated by the Australian Prudential Regulation Authority as an Authorised Deposit-taking Institution.

With our specialist focus on cash deposit-backed guarantees, Avenue Bank helps all kinds of Australian businesses to grow and expand their physical footprint.

For example, we can support suburban sole traders to have a strong start on a short lease for a shop, office or storage lockup.

Equally, we can enable large corporations to renew long leases for industrial estates, office buildings and multi-purpose complexes.

Once we’ve verified your identity and received your security deposit, we’ll issue your bank guarantee.

Check what you need to apply.

The sooner you get this task ticked off your to-do list, the sooner you can get the keys and move in!

Using a cash bond? You’re missing out on interest!

Not only are we digital and fast, but we also pay you a competitive market rate of interest on your security deposit, making it a smarter and safer option compared to lodging a cash bond with your landlord or their agent.

Your money is held by Avenue Bank in a rolling 3-month term deposit that pays a better rate of interest than a normal bank account.

That way your money is working for you, growing over time and safely held by our bank.

Digital, fast and accurate … or paper, slow and messy? It’s a no brainer!

Providing a bank guarantee is a standard requirement when occupying commercial premises, offering landlords financial security and tenants a means to fulfill lease obligations.

As you can’t occupy your new premises until you’ve given the bank guarantee to the landlord, satisfying this contractual lease requirement is a crucial task on your timeline.

Why risk getting bogged down and delayed by a traditional bank’s paper-based inefficiencies?

With Avenue Bank, the process is efficient, online and fast, with the option of a paper guarantee if your landlord requires it.

No one likes admin tasks like manually filling in paper forms and finding the right people to sign legal documents in wet ink … with a witness!

Worse still, having gone to all that effort, you’re still several steps away from having your bank guarantee. You need to send the paperwork back to the bank, either in person by visiting a branch, or in the mail by popping down to the post office or finding a mailbox.

It’s a huge inconvenience that can take days or weeks if you are in a remote location.

Even then, you can discover your bank has still more hoops for you to jump through, like 100 points of ID to re-verify your account signatories.

Or you may discover your paperwork has errors and you have to start all over again, while the clock keeps ticking down.

As a business owner or manager, it’s hugely frustrating dealing with regular banks, who are not set up as specialists like Avenue Bank.

Avenue Bank's fuss-freedigital solution simplifies and reduces the administrative burden of securing a commercial lease guarantee compared to traditional banks.

That gives you a big advantage when you choose Avenue Bank.

So, what are you waiting for? You’ve got better things to do with your time!

Make sure your next bank guarantee is digital and fast.

Ready to find out more? Start by hitting the 'Apply Now' button on our website. Alternatively, you can phone us during business hours on 1300 283 265.