Guaranteed Trust for Transactions That Matter

The ESCROW service offered by EuroCreditBank ensures secure transactions between two parties by holding funds temporarily in a special account opened with the Bank. The funds are released only after the agreed conditions have been fulfilled and accepted by all parties involved.

The service is available to both individuals and legal entities and provides an effective solution for transactions that require a higher level of security and trust.

What Is an ESCROW Account?

An ESCROW account is a special bank account in which funds are deposited and held by the Bank until the conditions stipulated in an agreement between the parties and the Bank have been fulfilled.

The Bank acts as a neutral third party and ensures that the funds are used strictly in accordance with the agreed terms.

Why Choose the ESCROW Service?

• Security for both parties – funds are released only upon fulfillment of the agreed conditions;
• Risk reduction – protects all parties involved throughout the transaction process;
• Confidentiality and transparency – a clear and secure transaction framework;
• Protection of funds – the money is safely held until the transaction is completed;
• Flexible use – suitable for a wide range of personal and business transactions.

The ESCROW Service Is Suitable For:

• real estate transactions;
• purchase and sale of valuable assets;
• acquisition of machinery and equipment;
• services with conditional payment arrangements;
• transfer of ownership rights;
• transactions requiring enhanced security and trust.

How Does an ESCROW Transaction Work?

1. The buyer and seller agree on the terms of the transaction;
2. EuroCreditBank opens the ESCROW account and signs the agreement with the involved parties;
3. The buyer deposits the agreed amount into the ESCROW account;
4. The funds are held until the agreed conditions are fulfilled;
5. Upon submission of the required supporting documents, the Bank transfers the funds to the beneficiary;
6. If the agreed conditions are not met, the funds are returned in accordance with the ESCROW agreement.

Required Documents

• identification documents of the parties involved;
• the contract or supporting document underlying the transaction;
• application for the ESCROW service;
• any other documents requested by the Bank depending on the nature of the transaction.

Frequently Asked Questions

Who manages the funds in the ESCROW account?
The funds are managed by the Bank in accordance with the terms and conditions established in the ESCROW agreement.

Can I use the service for real estate transactions?
Yes. The ESCROW service is commonly used for real estate purchase and sale transactions.

When are the funds released?
Funds are transferred to the beneficiary only after all contractual conditions have been fulfilled and the required supporting documents have been submitted.

What happens if the transaction is not completed?
The funds are returned according to the provisions of the ESCROW agreement.

View the full list of fees and charges HERE.