Escrow Account
For reliable assurance of payments between buyer and seller
Escrow Account
EMBank escrow account ensures payment settlement between seller and buyer in significant transactions such as buying or selling valuable assets such as company shares, real estate, movable property, etc.
Advantages:
- Payment security assurance for a seller.
- Custom made agreement according to specific needs.
- Initiation of fund transfer solely upon receipt of documentation verifying the finalization of the transaction.
How does it work?
In an escrow agreement, one party – typically referred to as the depositor, entrusts funds to the escrow agent until the terms of the contract are fulfilled. Once the specified conditions are satisfied, the escrow agent releases the funds to the designated beneficiary. Escrow agreements are frequently utilized in various financial transactions, particularly those involving substantial sums of money.
Escrow agreements must comprehensively outline the terms and conditions governing all parties involved. Implementing such an agreement ensures that the obligations of each party are fulfilled, thereby facilitating secure transaction process.
Typically, an escrow agreement defines such main conditions:
– Designated escrow agent
– Specific conditions for the release of escrowed funds
– Responsibilities and liabilities of the escrow agent
– Fees and expenses associated with the services provided by the escrow agent
F.A.Q.
What is escrow account?
How to open an escrow account?
What are the fees and commisions for Escrow Account?
Account opening and related to transaction documentation preparation |
From 0,15% Not less than 1’000 Eur |
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