Letter of Guarantee 
When you honor the obligations or promises set in the business or trade contract, you want the bank to act as a guarantor to promise the other party that the bank will repay the debt or be held accountable if the contract has been breached. If you have such demand, please come to JNB to apply for the service.

You can come directly to the JNB branches to apply for Letter of Guarantee. JNB can provide guarantee service for bidding, contracting, fulfilling, collection (payment) in advance, etc.Term of the service can be negotiated according to the business practice.

Charges include service charges for opening of the Letter of Guarantee, and the Letter’s notice. They will be collected according to rules issued by People’s Bank and JNB.