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    bumarich
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    The document provides requirements and an example letter for a bank guarantee of payment for a company check. It states that the bank letter must guarantee payment of a specific check, include the customer's name and account number that matches the check, specify a maximum guaranteed amount not exceeding the check amount, and be signed by a bank representative. The example letter contains the customer's name, check number, account number, guaranteed amount, and purpose of guarantee for a 30-day period.

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    BG CHECK

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    The document provides requirements and an example letter for a bank guarantee of payment for a company check. It states that the bank letter must guarantee payment of a specific check, include the customer's name and account number that matches the check, specify a maximum guaranteed amount not exceeding the check amount, and be signed by a bank representative. The example letter contains the customer's name, check number, account number, guaranteed amount, and purpose of guarantee for a 30-day period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    BG Check

    Uploaded by

    bumarich
    The document provides requirements and an example letter for a bank guarantee of payment for a company check. It states that the bank letter must guarantee payment of a specific check, include the customer's name and account number that matches the check, specify a maximum guaranteed amount not exceeding the check amount, and be signed by a bank representative. The example letter contains the customer's name, check number, account number, guaranteed amount, and purpose of guarantee for a 30-day period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    BANK LETTER OF GUARANTEE

    Requirements Of A Letter Of Guarantee For Acceptance Of A Company Check Letter Must Be Official Bank Letterhead IMPORTANT: Bank Must State They Guarantee The Payment Of The Check Being Presented. It Is Not Acceptable For The Bank To State The Credit Limit Or Balance Of The Individual/Company. Letter Must State The Name Of The Individual Or Company For Whom The Guarantee Is Being Stated And The Check Must Have The Same Name Printed On It. Letter Should Contain The Account Number On Which The Check Is To Be Drawn And The Check Should Match This Same Account Number. Letter Should Contain The Check Number Being Used For Purchase Letter Should State An Ending A Maximum Amount For Which The Bank Will Guarantee. The Check Must Not Be Written For More Than Is Guaranteed By The Bank. Letter Must Be Signed By A Bank Representative. EXAMPLE LETTER OF BANK GUARANTEE: Re: ________________________
    Bidders Name

    Dear Sirs: This letter will serve as your notification that (BANK NAME) will irrevocably honor and guarantee payment for a period of (30) thirty days for check number (CHECK #), written by (CUSTOMERS NAME), up to the amount of $ (AMOUNT GUARANTEED), and drawn on account number (CUSTOMERS ACCOUNT NUMBER). This guarantee is for the purpose of our customers purchase of personal property in connection with the BIDITUP! An Industrial Assets Company auction held at (LOCATION OF CITY OF SALE) on (DATE OF SALE). Sincerely, ________________________
    Print Name Bank Officer

    _________________________
    Bank Officers Signature and Title

    _________________________
    Bank Telephone Number

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