Guarantees and Standby Letter of Credit

Enhance the acceptability of your business proposition and secure your deal by applying for a UOB Banker’s Guarantee or SBLC.

Gain direct access to trading parties worldwide through UOB Group’s extensive network of regional office and worldwide correspondent relationships, as well as in-depth understanding of in-country regulations, operating environment, business practices and risks.

Take advantage of our electronic channels to help you manage your trade transactions more effectively

• UOB Infinity (digital banking for business) - Allows seamless electronic submission of applications and timely update of transaction records. Find out more
  
  
• UOB eAlerts - Receive trade alerts on the status of your import transactions. Find out more

Enjoy the following promotion rates on your Rental Bond (BG) issuance from 15th June 2023 until 30th June 2024

Enjoy issuance fee as low as 1.5% p.a., or S$150, whichever is higher
Receive up to S$100 discount from issuance commission if you submit your Banker’s Guarantee (BG) application online:
UOB Infinity portal; or Express BG

Notes: To be eligible for the promotion, indicate campaign code “rental2324” under purpose in your BG application form. For online applications, please indicate under Instructions for the Bank Only (UOB infinity) or Special instructions (Express BG). Terms and conditions apply.

Rebates on outgoing FAST and GIRO Payment and collection transactions per month via UOB Infinity
Unlimited free Bulk GIRO Payroll
Preferential pricing on Outward Telegraphic Transfers

Notes: Terms and conditions apply. To find out more about eBusiness or BizTransact account, please visit:
uob.com.sg/business/transact/ebusiness-account.page
uob.com.sg/business/transact/biztransact-account.page

One Time Set Up: S$8,800
Monthly Subscription: S$100
Credit & Debit Notification: Waived

Notes: Only applicable for new customers, Terms and Conditions apply. For more information on API solutions, please refer to developers.uobgroup.com/en

• Provide your beneficiary with a payment undertaking from UOB (guarantor) by issuing them a banker’s guarantee. UOB will pay your beneficiary upon receipt of a demand under the banker’s guarantee.
  
  
• Some commonly used banker’s guarantees:
  • Bid Bond
  • Performance Bond
  • Warranty Bond
  • Advance Payment Guarantee
  • Financial Guarantee

• Financial and non-financial SBLC can be issued to markets where your suppliers / buyers prefer an alternative option to Banker's Guarantee.
• SBLC operates like banker’s guarantee except that it differs in format and governing rules.