ING Bank Guarantees

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For more details, please see below.

What do you require?

A new bank guarantee A bank guarantee is a form of credit where ING promises to pay an amount on your behalf to the beneficiary of the guarantee when he/she requests it. This beneficiary is a third party to whom you (the applicant) have certain obligations. Payment is subject to the conditions set out in the wording of the bank guarantee.

The list of bank guarantees on this website is given for information purposes only. The bank guarantees mentioned are all governed by Belgian law. ING offers other bank guarantees subject to specific legal requirements.
Can't find the bank guarantee you're looking for? Not sure which guarantee to choose? Don't hesitate to contact ING

A modification to an existing bank guarantee

If you wish to amend the text of an existing guarantee or the name of the applicant, this is no longer considered as a simple amendment but rather a new application by the bank.

For early release, decrease of the amount and reduction of maturity, an approval of the beneficiary is required. Please enclose the document signed by the beneficiary which proves that he/she agrees with said amendment.

Promise to provide a bank guarantee A promise is a formal engagement of the bank to grant a bank guarantee. This is subject to certain conditions and the existence of specific circumstances. These conditions and circumstances are explicitly mentioned in the promise.

Before you go any further ...

Make sure you have the following information handy:

Your ING current account number Don't have an ING current account yet?

The document to which the bank guarantee relates (e.g. contract, specifications).

Remark!

Via this online application you can only request new bank guarantees or modify existing bank guarantees issued as part of a professional activity.
For requests for bank guarantees to be issued in the context of private activities, please contact your nearest ING branch.

Indicative rates

As an individual transaction

Within a line of credit

One-off arrangement commission:

150 euros.
(for non-standard texts different rates apply)

Opening fee and commission as agreed in the letter of credit.

Quarterly commission:

0.5% of the amount of the guarantee, with a minimum of
- 50 euros per year commenced for rental guarantees
- 50 euros per quarter commenced for all other bank guarantees

The final rate can be found in the letter of credit sent to you for signature.

Opening fee and commission as agreed in the letter of credit.

See our rates folder (pdf) or contact your account manager for more information.

Exceptional measures in support of our business and professional customers

Dear Customer,

We are currently giving our fullest attention to the current spread of coronavirus and its potential consequences for our customers. ING is closely monitoring the situation and taking all necessary measures to safeguard health and safety. At the same time, we are doing all we can to ensure the continuity of our service for you, our customer.

Guarantee scheme to help companies access loans

In order to give companies the best chances of recovering good financial health after the crisis and the lockdown that is a consequence of it, the Belgian government and the banking sector have also agreed on a large-scale public guarantee scheme of 50 billion euros for new loans to sole traders, companies, hospitals and legal entities in the non-profit sector. (see Royal Decree of 15 April 2020).

If your request for a bank guarantee falls under the conditions of application of this decree, you will be contacted within the next few hours / days by one of our colleagues in order to obtain all the information necessary to grant this advantage.

Do you have any other questions ? Do not hesitate to contact us by calling +32 2 464 60 04 (from Monday to Friday from 8 a.m. to 10 p.m. and Saturdays from 9 a.m. to 5 p.m.) or via our social networks on Facebook and Twitter.

Indicative rates

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