Avenue’s bank guarantee is used to secure commercial leases. This means that, rather than paying a bond to the landlord, you provide the landlord with a bank guarantee. Interested in applying? Check what you need to apply

Your bank guarantee can be issued in as little as 24 hours. Avenue’s bank guarantee application only takes a few minutes to complete.

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

Yes, like all banks in Australia, Avenue Bank is an Authorised Deposit-taking Institution (ADI) that is regulated by the Australian Prudential Regulation Authority (APRA).

Under the Banking Act 1959, only ADIs are authorised to accept deposits from the public and can offer bank accounts. All banks are covered under the Government’s Financial Claims Scheme (FCS). This means that deposits are protected up to a limit of $250,000 per account holder.

Avenue’s digital bank guarantee allows greater ease and flexibility for you. We believe that in the 21^st century, a business bank should offer digitally enabled products and that’s why we’ve reinvented the bank guarantee – to make it faster, fairer, and fuss-free for you.

For landlords, Avenue’s digital bank guarantee means that it’s more secure, there’s no paper to lose and you can initiate claims anywhere, any time without having to waste time in a bank branch.

A few things need to be completed.

Apply – You’ll need to submit an application form and verify your identity with us. Depending on your circumstances we may need some additional details. We’ll be in touch if anything comes up.

Sign – Once we’ve approved your application, we’ll send out your contract package for you to review and sign.

Deposit – You’ll then need to send us your security deposit. Once this is in place, we’ll issue your bank guarantee straight away