From a legal point of view, digital guarantees are equivalent to paper guarantees.
BBVA AvalBox: online management of guarantees
Manage your business guarantees online.
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Instantly find out your risk limits, issued guarantees, maturity dates, beneficiaries, amounts, etc.
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Process your endorsements for companies directly wherever you are.
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Guaranteed by the Royal Spanish Mint (FNMT).
How does it work?
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Avalbox is that simple
- Access directly via Net Cash using your credentials.
- Request any type of guarantee, whether the payee is a private sector or public sector business.
- You can use default or customised texts.
- We tell you the cost of the guarantee from the start.
- You choose the best term for your needs: With an indefinite or specific maturity date.
- The Spanish Royal Mint as a trusted third party.
What advantages does BBVA Avalbox offer?
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This service offers the following advantages
- As there is no physical paperwork, there is no risk of an endorsement being lost
or damaged. - You can monitor the procedure.
- You can consult to all issued, canceled and executed guarantees.
- Save time on processing guarantees.
- You can manage your guarantees for companies directly.
- As there is no physical paperwork, there is no risk of an endorsement being lost
How do you present business guarantees?
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There are three ways
- Digital presentation. The Royal Spanish Mint (FNMT) is responsible for reporting the issuance of guarantees and their safekeeping. It also offers a verification service.
- Online presentation to a public authority. We currently collaborate with the General Deposit Fund of the Public Treasury and the Galician Regional Government.
- Submission at a branch. You must collect the guarantee at a BBVA branch.
- Digital presentation. The Royal Spanish Mint (FNMT) is responsible for reporting the issuance of guarantees and their safekeeping. It also offers a verification service.
What type of business guarantee do you want?
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You have two options
- Technical guarantee: BBVA will be responsible for any obligations that are unfulfilled by the holder (the endorsed party) in the case of supply contracts (e.g., tenders, auctions, non-payment of rent, unpaid leasing fees, etc.). In this regard, you ensure that the service or work will be carried out in the requested manner.
- Financial endorsements: BBVA guarantees fulfillment of your obligations in accordance with a monetary limit and/or established term. This type of bank endorsement is used, for example, in home rentals. In the case of companies, they simply guarantee that a payment will be made for something in the future.
These subtypes include financial endorsements: they are financial guarantees. However, in this case, they refer to the corresponding payment obligations of a promissory note or treasury bill.
- Commercial: the bank guarantees the payment obligation resulting from a business transaction between parties.
- Non-commercial: credits or loans granted to a BBVA customer by other banks or credit institutions authorized by BBVA.
- Technical guarantee: BBVA will be responsible for any obligations that are unfulfilled by the holder (the endorsed party) in the case of supply contracts (e.g., tenders, auctions, non-payment of rent, unpaid leasing fees, etc.). In this regard, you ensure that the service or work will be carried out in the requested manner.
What are the requirements?
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Be registered with BBVA Empresas Online Banking (BBVA Net Cash) and have activated the Endorsements module.
Would you like more information?
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Be a BBVA customer.
- At BBVA, we give you the tools to manage your business payments easily.
- We are leaders in digital innovation working to make your life that bit easier.
- We believe in doing things a transparent, clear and responsible way.
- At BBVA, we give you the tools to manage your business payments easily.
- We are leaders in digital innovation working to make your life that bit easier.
- We believe in doing things a transparent, clear and responsible way.
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Add and manage all your business bank accounts in one place.
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Manage all your accounts, make better decisions, and save time for your business.
