Service

A Letter of Guarantee from SCBM serves as collateral when your company submits a bid or signs a contract with a government agency or other counterpart. This frees your company from having to secure an agreement using other assets such as cash or bonds

Highlights

Schedules direct debits from customers’ deposit accounts and instantly deposits payments to your company’s account. You can conveniently review direct debit status online via SCBM Business Anywhere.

Use as collateral

Benefits

  • Use L/G as collateral instead of securities to streamline your finances
  • Get L/G at your nearest SCBM branch. Or transfer it to your beneficiary directly