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Reg

istered bidders are asked to submit a bank letter with the appropriate registration form. Below are samples of formats acceptable to RM

Auctions. Please provide a Bank Letter of Guarantee, or if your banking institution is unable to provide a Letter of Guarantee, the Alternative Bank

Letter is acceptable. If an Alternative Bank Letter is provided, please note that RM Auctions will contact your bank approximately two to three

days prior to the date of the auction to confirm the letter. All bank letters must be written on bank letterhead. IMPORTANT: if you prefer to

pay with a personal or company check, you must provide a Bank Letter of Guarantee.

bank letter of guarantee

(Date)

RM Auctions Inc.

will irrevocably honor and guarantee payment of any check(s)

written by our customer, (Customer’s Name), up to the amount

of (Amount Guaranteed) and drawn on account number

(Customer’s Account Number). No stop payments will be

issued.

This Letter of Guarantee will apply only to checks made

Country,) auctions held (Auction Dates – Month, Day(s), Year).

at (Direct Line of Signing Officer), and if I am not available,

Will allow you to bid but payment must be made by method certified funds (bank

wire, certified check etc). Personal/company checks will not be accepted.

(Date)

RM Auctions Inc.

(Balance) and has had an average balance of (Balance) over

the past six months. This letter will serve as notification that

(Bidder’s Name), between bank accounts and investments

with (Bank’s Name), has the ability to wire transfer from

account number(s) (Account Number) to cover up to a

purchase of (Bid Limit). Further, (Bidder’s Name) has had no

instances of non-payment due to non-sufficient funds within

the last year.

This Alternative Bank Letter is only applicable to bidder

registrations with RM Auctions Inc. for the (City, Country,)

auction held (Auction Dates –Month, Day(s), Year).

at (Direct Line of Signing Officer), and if I am not available,

(Bank Officer Signature)

(Bank Officer Name)

(Direct Phone Number)

Will allow you to pay for purchases using a personal/company check as