UOB Express Banker’s Guarantee

  • Enjoy S$100 fee waiver when you apply for UOB Express Banker's Guarantee

    Now you can secure deals faster with issuance as soon as 3 days

    Apply now

Overview

Fast, simple and convenient, UOB Express Banker’s Guarantee, our electronic Banker’s Guarantee (BG) application platform allows you to apply for a BG online, against 100% cash margin.

You can apply for it on an ad-hoc basis, at your convenience via online or mobile anytime.

  Online BG Normal BG
Type of Banker's Guarantees available Common types of Banker's Guarantees, Example:-
  • Bid Bond
  • Performance Bond
  • Warranty Bond
  • Advance Payment Guarantee
  • Financial Guarantee
Commisions Charges 1.5% p.a min S$200 2% p.a. min S$300
Courier Charges S$10 S$10
SWIFT Charges S$50 per page S$50 per page
Amendment Fees
  • Amount 1% p.a. min S$100
  • Tenor: 1% p.a. min S$100
  • Other Amendment: S$75 Flat
Collaterals We accept most forms of collateral for example:-
 
  • Cash Margins
  • Structured Deposits
  • Fixed Deposits

Why Choose UOB

features

Leverage UOB’s strong credit rating

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world-hand

Extend your connections through UOB Group’s extensive network

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monitor-transaction

Manage trade transactions more efficiently

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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 Business Internet Banking Plus (BIBPlus) - 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

How to Apply

Step 1

Start by taking 5 minute to complete the Online BG Application Form.

Step 2

Download and sign the completed application form then email to SG-BG Online OnlineBG@UOBgroup.com

Step 3

Application has been approved. Depending on the chosen method of delivery, you will then be informed to collect the Banker’s Guarantee or it will be sent to you.

Apply Now

Apply online

Visit a UOB Branch

FAQ

Express BG is an online platform for customers to apply for BGs on an ad hoc basis against cash margin without the need for UOB internet banking subscription (i.e. BIB Plus) or BG facilities. Customers must, however, have a UOB current account to facilitate the debit of the margin amount.

Simple, fast and convenient, there is no need to fill in a paper form. Instead, customers will fill in the online application.

Express BG is available to Business Banking customers who are seeking for a transactional BG application. Customers must maintain CASA with UOB.

The BG commission is 1.5% p.a. subject to a minimum of S$200. This is regardless of the type (i.e. whether financial or performance BG) of guarantee required.

As soon as 3 working days if application is in order, from the point where customer submits the necessary documents via email/fax.

No limit on either, but both subject to Bank’s approval.

Yes. Typically, BGs are issued for beneficiaries such as Ministry of Manpower, The Comptroller of Goods and Services Tax, Director General of Customs, Inland Revenue Authority of Singapore, Housing and Development Board, etc.

The BG will be issued against 100% cash margin which will be debited from the CASA number provided by customers.

No. This is to ensure fast and timely issuances. Please click contact us for further assistance.

* If you have any existing credit facilities with us, please contact your Relationship Manager, or apply for BG online via BIBPlus.

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