BBVA AvalBox: online management of guarantees

• Log in directly from online business banking with 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.
• Signaturit, a trusted provider of electronic services with an international presence and certified by the Ministry of Economic Affairs, acts as a Trusted Third Party.

• 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.

• Digital filing with a private company or a public body.

Signaturit, as a Trusted Third Party, is responsible for reporting the issuance of guarantees and their safekeeping. It also offers a verification service.

The public bodies included are the following regional governments: Murcia (CARM), the Board of Andalusia, the Board of Extremadura, Basque Government, Balearic Islands (CAIB), Government of La Rioja, Government of Navarre, Government of Cantabria, as well as local city halls and authorities.

• 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.

• 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.

• Direct: BBVA issues the guarantee. File it on paper or in a SWIFT message.
• Counter-guarantee: a foreign bank issues the guarantee. File exclusively through SWIFT.