Benefits

Develop new partnerships and reduce business risks.

3 simple reasons to choose Idea::Bank letter of guarantee:

  • Only a few documents are needed in order to apply for a bank letter of guarantee
  • You can develop new partnerships
  • Minimize business risks as the payment is guaranteed by Idea::Bank

Features

Idea::Letter of guarantee covers the risks arising from non-compliance with business obligations.

The bank letter of guarantee plays an important role in commercial transactions, providing financial security to partners, by covering risks generated by the non-performance of commercial obligations regarding the due performance of works/services (both before delivery/acceptance and during the warranty period) or the payment of the goods/services acquired.

Idea::Bank Letter of Guarantee includes a wide range of commitments depending on your business needs:

  • Bank letter of guarantee for participation in tenders
  • Bank letter of guarantee for repayment of advance payments
  • Bank letter of guarantee for payment
  • Bank letter of guarantee for due performance
  • Counterguarantee

Bank letters of guarantee may be issued both in RON and in foreign currencies.

The guarantee requested upon issuance of the bank letters of guarantee is represented by collateral deposits in the currency of the letter or in other currencies.

Costs

See the list of fees and taxes.

The fees for the issuance/amendment/extension/payment of the bank letter of guarantee are according to the List of fees, interest and taxes applicable to legal entities, into force on the date of issuance of the bank letter of guarantee. The list of fees and taxes is available here.

Other taxes and fees for CIP, CRC, AEGRM queries to be paid from own sources before the issuance of the letter of guarantee.

Useful information

Apply for Idea::Bank Letter of Guarantee in branches, online or by SMS.

Idea::Bank Letter of Guarantee may be requested by any legal entity or self-employed person (freelancers, liberal professions, individual enterprises or family businesses, etc.) who meets the eligibility criteria according to Idea::Bank rules.

To apply for the bank letter of guarantee, you will need to fill in a bank letter of guarantee issuance form in one of our branches.

To apply for this product::

  • You can fill in the online form clicking on the Apply now button
  • You can send an SMS to 1710 with the words “letter of guarantee” and we will call you back
  • Visit one of our branches

Apply for Bank letter of guarantee

We will get back to you in no time!