{"type":"document","data":{"contentType":"onecms:productPage","flexPageMetadata":{"afmBanner":false,"description":"Give your business partner extra security and confidence with a bank guarantee. You can apply for or change a bank guarantee online.\r\nOnline bank guarantee application form.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Why choose an ING Bank Guarantee?"},{"componentType":"productFeatures","highlighted":false,"image":{"extension":"svg","original":"https://assets.ing.com/m/7c0cd2187cde3b47/original/bankingfromhomelaptopcardsofa.svg","publishedAt":"2024-01-19T15:51:31Z","transformBaseUrl":"https://assets.ing.com/transform/348f6315-a2e8-4434-a5e3-e2dad460ab6b/bankingfromhomelaptopcardsofa","type":"image","updatedAt":"2024-04-18T07:57:04Z","width":1500},"items":[{"body":"Give your business partner financial security with a guarantee from the Netherlands’ largest bank. It protects them against financial loss, gives them peace of mind and helps you make contractual agreements quickly and reliably.","title":"Secure and compliant"},{"body":"Whether you need a guarantee for rent, a government contract, contractual performance or international trade, we offer bank guarantee templates to meet your needs.","title":"Broad coverage across sectors and countries"},{"body":"Apply through Mijn ING Zakelijk or use our online application form. Once we’ve approved your application, we’ll issue the bank guarantee according to your instructions. You’ll receive the digitally signed guarantee by email.","title":"Easy to apply, with the flexibility you need"}]},{"componentType":"sectionTitle","title":"Frequently asked questions about bank guarantees"},{"accordionList":[{"richBody":{"value":"<p>A bank guarantee is an agreement between the beneficiary and ING. It means that we’ll pay an agreed amount when the beneficiary makes a valid written request.</p><p>This payment covers losses the beneficiary may face if the agreed conditions aren’t met. If ING makes a payment under the guarantee, we’ll recover that amount from you.</p><p>A bank guarantee can help you reduce financial risk, give your business partner more security and strengthen your position in a business deal.</p><p>When we issue the bank guarantee, we’ll block the guarantee amount on your account or guarantee facility.</p>"},"title":"What is a bank guarantee?"},{"richBody":{"value":"<p>Besides ING as the guarantor, a bank guarantee involves the following parties.</p><p><strong>Beneficiary:</strong> The party that receives the bank guarantee. This could be your landlord, client or customer. If the applicant doesn’t meet their obligations, the beneficiary can make a claim under the guarantee.</p><p><strong>Applicant: </strong>You, or the company whose obligations are covered by the bank guarantee.</p><p><strong>Instructing party:</strong> The company that instructs ING to issue the bank guarantee. This is often the same as the applicant.</p><p>The instructing party holds the ING account or guarantee facility we use to block the guarantee amount. This party must sign the application.</p>"},"title":"Who’s involved in a bank guarantee?"},{"richBody":{"value":"<p>A bank guarantee ends:</p><ul><li>when it reaches its expiry date</li><li>when we receive a written release from the beneficiary</li><li>when the full guarantee amount has been paid following a claim, except for standard customs guarantees</li></ul><p>You can apply for a bank guarantee with or without an expiry date.</p><ul><li><p><strong>Bank guarantee with an expiry date: </strong>The guarantee states the date on which it ends. It remains valid up to and including that date. After that, the beneficiary can no longer make a claim under the guarantee. We recommend including an expiry date wherever possible, unless you use a standard guarantee that doesn’t include one. Need the guarantee for longer? You can apply to extend the expiry date.</p></li><li><p><strong>Bank guarantee without an expiry date:</strong> This type of guarantee doesn’t state a specific expiry date. It remains valid until we receive a written release from the beneficiary. Once the contract has ended or the work has been completed, make sure the beneficiary sends us the release. This prevents the guarantee from staying open longer than necessary. You and the beneficiary are responsible for arranging this.</p></li><li><p><strong>Cancellation clause:</strong> Some bank guarantees include conditions that allow the guarantee to be cancelled without a release from the beneficiary. Always check the guarantee carefully to see which conditions apply.</p></li></ul><p>Under certain conditions, we can issue a bank guarantee without an expiry date. For example, when the beneficiary is a government organisation or the guarantee amount is blocked on a savings account. If we can’t issue the guarantee without an expiry date as requested, we’ll contact you.</p><p>Bank guarantees without an expiry date come with an additional fee. See <strong>What does it cost?</strong> for details.</p>"},"title":"How long is a bank guarantee valid?"},{"richBody":{"value":"<ol><li>Log in to Mijn ING Zakelijk.</li><li>Choose the type of bank guarantee you need.</li><li>Fill in all the required details.</li><li>Check the summary of your bank guarantee.</li><li>Submit your application.</li></ol><p>You can sign and submit your application digitally in your familiar online banking environment. Based on your application and authorisations, our system will show you who needs to sign the guarantee. More than one person may need to sign it, one after another. Everyone authorised to sign the application on behalf of your company must be able to log in to Mijn ING Zakelijk separately.</p>"},"title":"How do I apply for a bank guarantee?"},{"richBody":{"value":"<ol><li>Log in to Mijn ING Zakelijk.</li><li>Go to <strong>Bank guarantees</strong>. You’ll see all your company’s outstanding bank guarantees.</li><li>Select the guarantee you want to change.</li><li>Select <strong>New change</strong>.</li><li>Fill in all the required details.</li><li>Check the summary of your change.</li><li>Submit your application.</li></ol><p>You can sign and submit the application digitally in your familiar online banking environment. Based on your application and authorisations, our system will show you who needs to sign. More than one person may need to sign, one after another. Everyone authorised to sign on behalf of your company must be able to log in to Mijn ING Zakelijk separately.</p><p><strong>How do I apply without Mijn ING Zakelijk?</strong></p><p>Don’t have access to Mijn ING Zakelijk? You can apply for a bank guarantee using our online application form.</p><p>Complete the form, print it and have it signed by an authorised representative whose signature is registered with ING. Then scan the signed form and email it to <strong>BankguaranteesNL@ing.nl</strong>.</p>"},"textLinks":[{"text":"No Mijn ING Zakelijk? Change your bank guarantee using the online application form","url":"https://tradefinance.ing.nl/bank-guarantees/amendment"}],"title":"How do I change an existing bank guarantee?"},{"richBody":{"value":"<p></p><p>Don’t have access to Mijn ING Zakelijk? You can apply for a bank guarantee using our online application form.</p><p>Complete the form, print it and have it signed by an authorised representative whose signature is registered with ING. Then scan the signed form and email it to <strong>BankguaranteesNL@ing.nl</strong>.</p>"},"textLinks":[{"text":"Apply for a bank guarantee using the online application form","url":"https://tradefinance.ing.nl/bank-guarantees/request"},{}],"title":"How do I apply without Mijn ING Zakelijk?"},{"richBody":{"value":"<p>Before you start, have these ready:</p><ul><li>Your ING account number</li><li>Any documents related to the bank guarantee, such as your contract, rental agreement or invoices</li></ul><p><strong>Good to know:</strong> You’ll need these documents to complete your application correctly. Don’t send them with your application.</p><p><strong>Bank guarantee details</strong></p><ul><li>The guarantee amount</li><li>The expiry date</li><li>The contract reference number and/or contract date</li><li>A description of the goods or services, or the address of the rented property</li></ul><p>The expiry date is usually based on the end date of the contract or the agreed delivery date. It’s often set a little later to make sure the guarantee remains valid for long enough. If your guarantee doesn’t have an expiry date, we’ll ask you for an expected end date. This expected date won’t appear in the actual bank guarantee.</p><ul></ul><p><strong>Financial details</strong></p><ul><li><p>You’ll need an account for blocking the guarantee amount. You can use a savings or current account with enough funds, or a bank guarantee facility with enough available capacity. You can’t use an overdraft account or an account that’s part of a cash pool to block the guarantee amount.</p></li><li>You’ll also need an account for paying the fees. Use a current account. Don’t use a savings account or bank guarantee facility.</li></ul><p><strong>Beneficiary details</strong></p><ul><li>The beneficiary’s full legal name</li><li>The beneficiary’s address</li><li>The beneficiary’s contact person and, where available, their email address</li></ul><p><strong>Applicant details</strong></p><ul><li>Your company’s legal name and address</li><li>The name and contact details of the person responsible for the application</li></ul><p><strong>Instructing party details</strong></p><ul><li>If the instructing party isn’t the applicant, you’ll also need the company’s legal name.</li></ul>"},"title":"What do I need to apply?"},{"richBody":{"value":"<p>You can apply for a bank guarantee for various contractual arrangements, such as rental obligations, public-sector contracts, tenders or other contractual obligations.</p><p>We support various types of contracts and legal obligations. Here’s an overview of the purposes we cover:</p><p> </p><ul><li><strong>Rental guarantee:</strong> A rental guarantee gives the landlord(s) assurance that any claims under the rental agreement will be covered. It can replace paying a security deposit to the landlord. Please note: ING only issues standard wording for domestic rental guarantees. We don’t issue guarantees based on ROZ templates.</li><li><strong>Performance guarantee:</strong> A performance guarantee gives the beneficiary or beneficiaries assurance that they’ll receive financial compensation if you don’t meet your obligations. For example, if you don’t supply goods or services or carry out work as agreed.</li><li><strong>Payment guarantee:</strong> A payment guarantee gives the beneficiary or beneficiaries assurance that their invoice will be paid if you don’t meet your payment obligations.</li><li><strong>Advance payment guarantee:</strong> An advance payment guarantee gives the beneficiary or beneficiaries assurance that an advance payment will be refunded if you don’t meet your obligations.</li><li><strong>Bid bond:</strong> A bid bond gives the beneficiary assurance that they’ll receive financial compensation if you withdraw after being awarded the contract. Bid bonds are often used in international tenders.</li><li><strong>Customs guarantee:</strong> A customs guarantee allows you to pay import duties, excise duties and import levies periodically. It gives Customs assurance that these amounts will be paid.</li><li><strong>Letter of intent:</strong> A letter of intent gives the beneficiary assurance that a performance guarantee will be issued after a contract has been awarded.</li><li><strong>Attachment guarantee:</strong> An attachment guarantee can prevent an attachment or have an existing attachment lifted. It provides replacement security for the creditor.</li><li><strong>Maintenance guarantee:</strong> A maintenance guarantee gives the beneficiary assurance that they’ll receive financial compensation if you don’t meet your maintenance obligations.</li></ul>"},"title":"What types of bank guarantees can you apply for?"},{"richBody":{"value":"<p>ING provides standard wording for you to choose from. You can also submit your own wording or wording provided by the beneficiary.</p><p>Please note that additional costs and processing time apply if you use your own wording or the beneficiary’s wording. You can view ING’s standard wording during the application process</p>"},"title":"Does ING provide standard wording for bank guarantees?"},{"richBody":{"value":"<p><span><span><span>Bankgaranties</span></span></span></p><ul><li><strong>New digital application:</strong> €125.00</li><li><strong>Bank guarantee fee:</strong> 1.50% per year, with a minimum of €150.00 per quarter</li><li><strong>Surcharge for bank guarantees with no expiry date:</strong> 0.50% per year</li></ul><p> </p><p><span><span><span><a href=\"https://www.ing.nl/zakelijk/betalen/tarieven/internationaal-zakendoen\">For additional information: <strong>more information about bank guarantee fees</strong></a></span></span></span></p>"},"title":"What are the bank guarantee fees?"},{"richBody":{"value":"<p>The fees are automatically debited from your ING account:</p><ul><li>When the bank guarantee is issued or changed, all applicable fees, such as processing fees, are debited immediately.</li><li>The guarantee fee is charged quarterly in arrears for as long as the bank guarantee remains in force. The quarter starts on the date the bank guarantee is issued.</li></ul>"},"title":"How and when are the fees debited?"},{"richBody":{"value":"<p>All ING business customers can apply for a bank guarantee.</p><p>Do you have a Mijn ING Zakelijk account with ING? If so, you can apply for a bank guarantee to support your business agreements, whether it’s for a rental agreement, a supply contract or a tender.</p>"},"title":"Who can apply for a bank guarantee?"},{"richBody":{"value":"<p>A standard bank guarantee is issued within five working days, provided all the details and information in your application are correct and complete.</p><p>If you use non-standard wording, we’ll need extra time to review it and, where applicable, suggest changes. If we can’t accept the wording provided by you or the beneficiary, we’ll contact you.</p>"},"title":"How long does it take to issue a bank guarantee?"},{"richBody":{"value":"<p>f so, we can’t change the guarantee. You’ll need to submit a new application for a bank guarantee. The beneficiary must also provide a signed release statement so that we can terminate the existing guarantee.</p><p>Hasn’t the bank guarantee been issued yet? Contact the Bank Guarantees department to request a change. Depending on the type of change, we may be able to update the bank guarantee. Otherwise, we’ll cancel the application and ask you to submit a new, correct one.</p><p>If you want to increase the amount or extend the term, you can submit a request to change the bank guarantee. Use the buttons at the top of this page to go straight to the instructions for applying for, changing or terminating a bank guarantee.</p>"},"title":"Have you made a mistake in your application and the bank guarantee has already been issued?"},{"richBody":{"value":"<p>The beneficiary of the bank guarantee must give written consent to reduce the guarantee amount and/or shorten its term. This written consent must include:</p><ul><li>The reference number of the bank guarantee to be changed</li><li>The beneficiary’s name, address, postcode and town or city</li><li>The reduced guarantee amount and/or shortened term</li></ul><p>The written consent must come from and be signed by the beneficiary of the bank guarantee. Send a scanned copy to bankguaranteesnl@ing.nl. Photos aren’t accepted.</p>"},"title":"How can I reduce the bank guarantee amount or shorten its term?"},{"richBody":{"value":"<p>To terminate a bank guarantee, the beneficiary (the party in whose favour the guarantee was issued) must formally submit a cancellation request to ING:</p><ul><li>Contact the beneficiary and ask them to send ING a written release or cancellation request. For more information, see <a href=\"http://www.ing.nl/zakelijk/klantenservice/service-en-dienstverlening/bankgarantie-opzeggen\"><strong>Cancelling a bank guarantee - ING</strong>.</a></li><li>Check the bank guarantee document for any specific conditions or procedures relating to cancellation.</li></ul>"},"title":"How can I terminate a bank guarantee before its expiry date?"},{"richBody":{"value":"<p>Bank guarantees can also be used internationally. We distinguish between direct and indirect bank guarantees:</p><p><strong>Direct bank guarantee:</strong> ING in the Netherlands issues the guarantee and the beneficiary can only make a claim with ING in the Netherlands. The bank guarantee is sent directly to you, so you can give it to the beneficiary. This is the standard and most common way to issue a bank guarantee.</p><p>Another option for a direct guarantee is to send it via SWIFT for notification through a local ING branch or a local bank in your business partner’s country. The local bank verifies the authenticity of the guarantee issued by ING Netherlands and forwards it to the beneficiary without assuming any responsibility.</p><p><strong>Indirect bank guarantee:</strong> ING Netherlands sends instructions via SWIFT to a local ING branch or a local bank in your business partner’s country to issue the guarantee under a counter-guarantee from ING Netherlands. The beneficiary can only make a claim with that local ING branch or bank.</p><p>In most cases, a guarantee issued and sent directly by ING Netherlands is sufficient, including for cross-border transactions. If you’re not sure whether the beneficiary will accept a guarantee issued directly by ING Netherlands, we recommend checking with them.</p><p>Please note that you’ll need to pay any additional fees charged by the local bank.</p><p>If the bank guarantee is issued in a currency other than euros, we can block the guarantee amount in your foreign currency account. Don’t have a foreign currency account? We’ll block the amount in your business account, converted into euros. For standard currencies, we recommend keeping an additional 10% balance in your current account to cover exchange rate fluctuations.</p>"},"title":"How do you use bank guarantees internationally?"},{"richBody":{"value":"<p>Do you regularly apply for bank guarantees? A bank guarantee facility could offer additional benefits. Contact one of our business advisers to discuss the options.</p>"},"title":"How do you apply for a bank guarantee facility?"},{"richBody":{"value":"<p>Our standard rental guarantee states:</p><p>“ING Bank N.V. … hereby irrevocably and unconditionally undertakes, by way of an independent obligation, to guarantee the landlord or their successor(s) in title…”</p><p>If the rented property is sold, the new owner/landlord automatically takes over the rights of the previous owner/landlord. This means there’s no need to issue a new rental guarantee when the property is sold.</p>"},"title":"How can a rental guarantee be transferred?"},{"richBody":{"value":"<p>Have you signed a rental agreement? If so, you can only apply for a <strong>rental guarantee</strong>, not a security deposit.</p><p>Use the <strong>‘Apply for a bank guarantee’</strong> button at the top of this page to apply for a rental guarantee.</p>"},"title":"Can ING provide a security deposit for a rental agreement?"}],"componentType":"accordion"},{"componentType":"linkList","iconTitle":{"title":"Financieren"},"textLinks":[{"text":"Lenen, Leasen & Financieren Overzicht","url":"/en/business/loans-and-finance"},{"text":"In 5 stappen een financiering voor je onderneming","url":"/en/business/loans-and-finance/business-loan/5-steps-to-financing-your-business"},{"text":"Andere financieringsmogelijkheden","url":"/zakelijk/financieren/overige-mogelijkheden"},{"text":"Trade Finance Services","url":"/zakelijk/internationaal-ondernemen/trade-finance-services"},{"text":"Lopende financiering aanpassen","url":"/zakelijk/financieren/financiering-wijzigen"}]},{"componentType":"linkList","iconTitle":{"title":"Downloads & information"},"textLinks":[{"text":"Standard release form (PDF)","url":"https://assets.ing.com/m/1c6b403686a78b42/original/Business-Banking.pdf"},{"text":"Bank guarantees: How it works (PDF)","url":"https://assets.ing.com/m/c537a82db1b7d59d/original/Bankgaranties-Zo-werkt-het-0712.pdf"}]}]},"hasMacro":false,"id":"80586379-7481-41a1-a889-149f61f92925","localeString":"en-GB","mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"A bank guarantee gives your business partner the assurance that ING guarantees an agreed amount. If you don’t meet your obligations, this amount can compensate your business partner.","headerImage":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"jpg","original":"https://assets.ing.com/m/344f482830fbd62a/original/Cargo-waiting-to-be-loaded-on-airplane-on-tarmac.jpg","publishedAt":"2022-05-26T14:57:36Z","transformBaseUrl":"https://assets.ing.com/transform/56a0fcc4-7cae-4243-8f46-c8cb031330e7/Cargo-waiting-to-be-loaded-on-airplane-on-tarmac","type":"image","updatedAt":"2022-08-22T08:56:29Z","width":6397},"title":"ING Bank Guarantee"},"cta":{"componentType":"cta","textLink":{"text":"Log in to apply for or change a bank guarantee","url":"https://mijnzakelijk.ing.nl/login/?eai=true&Target=https://mijnzakelijk.ing.nl%2Fbanking%2Fbank-guarantees"}},"usps":[{"body":"Security for your business partner","icon":{"extension":"png","original":"https://assets.ing.com/m/d18678f7e16b18f/original/Products-Umbrella_Outline.png","publishedAt":"2024-01-30T10:45:11Z","transformBaseUrl":"https://assets.ing.com/transform/253c6afd-9ccf-45de-8d10-2493186abdea/Products-Umbrella_Outline","type":"image","updatedAt":"2024-01-30T10:46:17Z","width":2500}},{"body":"Stay ahead of the competition","icon":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"png","original":"https://assets.ing.com/m/7771ff6081537927/original/__handshake_outline.png","publishedAt":"2022-05-26T14:33:30Z","transformBaseUrl":"https://assets.ing.com/transform/b7169220-d769-4666-8c84-7359d4897aaf/__handshake_outline","type":"image","updatedAt":"2023-12-21T15:51:42Z","width":267}},{"body":"Quick and easy to arrange online","icon":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"png","original":"https://assets.ing.com/m/9d5027e9896987b/original/thumbs_up_outline_rgb.png","publishedAt":"2022-05-26T14:19:28Z","transformBaseUrl":"https://assets.ing.com/transform/27ef4d4f-35b0-4e00-a301-6a5a5ec24ab8/thumbs_up_outline_rgb","type":"image","updatedAt":"2023-12-21T14:49:29Z","width":267}}]},"publishDate":"2026-10-28T11:40:06.114+01:00"}}