| Bank Letter Sample
A bank letter of guaranty is a letter from your financial institution guaranteeing they will pay up to an agreed-upon sum to Russo and Steele Collector Automobile Auctions for your purchases. Please be advised: Your bank letter must be accompanied by a signed, matching account number check to be a valid form of collateralization. The bank letter is merely for collateralization; we no longer accept checks as a form of payment. All payments must be received via bank-wire transfer on the first business day following the auction.
A bank letter of guaranty is a letter from your financial institution guaranteeing they will pay up to an agreed-upon sum to Russo and Steele Collector Automobile Auctions for your purchases. Please be advised: Your bank letter must be accompanied by a signed, matching account number check to be a valid form of collateralization. The bank letter is merely for collateralization; we no longer accept checks as a form of payment. All payments must be received via bank-wire transfer on the first business day following the auction.
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Be Advised: Your bank letter must be accompanied by a signed, matching account number check to be a valid form of collateralization. The bank letter is merely for collateralization; we no longer accept checks as a form of payment. All payments must be received via bank-wire transfer on the first business day following the auction.
(SAMPLE) Bank Letterhead
Russo and Steele
5230 South 39th Street
Phoenix, AZ 85040
Re: (bidder's name)
Dear Sirs:
This letter will serve as your notification that (bank name) will irrevocably honor and guarantee payment of any check(s) written by our customer (customer name) up to the amount of ( $ ). Drawn on account ( # ) or that (bank name) will honor the transfer of US funds as directed by (customer name) up to the amount of ( $ ) the day following the purchase(s). This letter of honor/guarantee shall be applicable to purchases made at the Russo and Steele Auction held (INSERT COMPLETE MONTH, DAYS, AND YEAR OF AUCTION HERE). No stop payments will be issued.
(Bank Officer Name and title)
(Bank Officer Signature/date)
(Bank Officer Telephone number)
(SAMPLE) Bank Letterhead
Russo and Steele
5230 South 39th Street
Phoenix, AZ 85040
Re: (bidder's name)
Dear Sirs:
This letter will serve as your notification that (bank name) will irrevocably honor and guarantee payment of any check(s) written by our customer (customer name) up to the amount of ( $ ). Drawn on account ( # ) or that (bank name) will honor the transfer of US funds as directed by (customer name) up to the amount of ( $ ) the day following the purchase(s). This letter of honor/guarantee shall be applicable to purchases made at the Russo and Steele Auction held (INSERT COMPLETE MONTH, DAYS, AND YEAR OF AUCTION HERE). No stop payments will be issued.
(Bank Officer Name and title)
(Bank Officer Signature/date)
(Bank Officer Telephone number)
