Escrow Account
What enablers will minimize risks of parties to a commercial transaction?
Escrow account from BTA Bank!
If you doubt the success of the transaction, and if you need to get real confirmation of presence of cash at the partner, or if you need to provide such confirmation, you simply need to open escrow-account in BTA and deposit all amount thereto.
Escrow account
Escrow account is a current account that the Bank opens for the Client and the payer credits this account subject to its deposit (freezing) with no right for its holder to effect any expense transactions until liabilities secured by such account are discharged.
- The Bank maintains availability of a minimum balance of the escrow account as well as well-grounded and timely payment from the escrow account.
- If either party fails to or improperly discharges its liabilities when due, the Bank shall return the money from the escrow account to the Bank.
Escrow account is available to:
- Unincorporated self-employed entrepreneurs, including individuals operating under a license or a non-recurrent ticket,
- Entities (limited liability partnerships, joint stock companies).