
Once upon a time in a city far far away a lonely man with no money decided it would be fun to start a rumor…. He had played the game of Chinese Whispers before and thought it would be a great joke if he told everyone that…… You could get Free Bank Guarantees, without paying any money until the BG was delivered to the funder.


In a daring moment the lonely man spread the rumor to all his friends, within weeks everyone was talking about how you could get Bank Guarantees worth Millions of Dollars for FREE, without ANY Money Upfront, Free Bank Guarantees! The news spread like wildfire as desperate people latched on to the hope of a pipe dream that was started as a lie and was in fact 100% Untrue the entire time!
The Sad Reality is our industry is full of people that believe the fairy tale that Bank Guarantees can be obtained with NO MONEY UPFRONT. The fact is they can’t! They never have been able to be purchased for free and they never will be! ALL banks especially Top 100 banks charge fees to create and transmit the Bank Guarantee to a Funder. NO BANK will do that for free! No Bank will take the risk on a transaction for the customer. NONE!
If the bank is not paid, no Bank Guarantee will EVER get sent. And if the customer (you) are not paying for the bank guarantee to be sent…. then it wont be sent and no deal will ever be concluded! You can be absolutely sure that NO BG ISSUER is going to pay the bank fees for you, why would they? If they own the BG and they pay the Bank Fees as well, why do they need you as the customer? They may as well transmit the BG to the Funder themselves and keep all the profit for themselves. Why would they share a cent with a client who has put up no money and taken no risk?
Its just a bad joke that people believe the free BG fairy tale! Regrettably so many people are busy believing the “I can get a Bank Guarantee with No Upfront Fees Lie” that they waste hundreds of hours each year trying to find the Gold at the end of the Rainbow that DOES NOT EXIST & NEVER HAS EXISTED!