| 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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Russo and Steele’s Scottsdale event has risen from also ran status to one of the premier vintage car auctions.
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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 August 16-18, 2012. 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 August 16-18, 2012. No stop payments will be issued.
(Bank Officer Name and title)
(Bank Officer Signature/date)
(Bank Officer Telephone number)
