Letters of Credit
Instill confidence in your business transactions — a Letter of Credit from Bay Commercial Bank lets third-parties know you can deliver on what you promise, guaranteeing both payments and services.
If your credit is in good standing, we can help to relieve any doubts by offering Standby Letters of Credit with maturities of up to 1 year. Now you can guarantee services or payments with greater peace of mind.
Letter of Credit Basics:
- Ideal for guaranteeing a service or payment on large purchases
- Maturities of up to 1 year
- Secured and unsecured letters available
- Especially helpful in international commerce
Subject to credit approval.