Bonds and Guarantees
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
Bonds & guarantees, and standby letters of credit, provide companies with additional protection in respect of their business or customers, performance or financial obligations. We can issue guarantees on your behalf or receive and validate guarantees issued by other banks in your favour.
The terms of your contract will determine whether you need a guarantee or a standby letter of credit. Read the below to ensure you know which product is best for your business
There are a wide range of different Bonds and Guarantees that can be issued depending on a customer’s specific requirements. They can be either performance related, to cover failure to perform under a contractual obligation, or they can support a financial obligation.
If your Relationship Manager has confirmed you have a credit line in place to support these facilities, select the most appropriate product for your business and apply online with one of our simple application forms below.
Alternatively you can always talk to your relationship manager. If you’re a new customer with an annual turnover of less than £2 million, you can give us a call on 0345 050 1422. If it’s over £2 million, call us on 0345 050 1423.
Customers with hearing and speech impairments can contact us by using our Relay UK Service: 18001 0345 050 1422 if your annual turnover is less than £2 million or 18001 0345 050 1423 if your annual turnover is more than £2 million.
For more information on accessibility visit: https://www.business.rbs.co.uk/business/accessibility.html
Calls may be recorded for training and monitoring purposes.
To see how much your call might cost, visit the call charge information page.