The letter must be on official bank letterhead signed by an officer of that bank and it must state that the bank will guarantee payment of your check up to a specific amount for a specific auction or a specific period of time. An example of an acceptable letter of guarantee payment is as follows:
Dear Sir:
Mr./Mrs.______________________________ (specify name) is a customer of our bank, and we will guarantee payment of checks written on his/her
account number ______________________________up to $ _______________ (specify amount) for purchases made at your auction on
______________________ (specify date of auction).
Regards,
Print Name (Bank Representative) _____________________________
Signature (Bank Representative) ___________________________________