International Asset Bank AD uses cookies to make browsing of its internet page more functional and efficient. Learn more about it here.

Agree
Escrow account

Escrow account

The escrow account is a special purpose account, used for ensuring additional control over the terms of use of the funds, deposited on it. In order to guarantee the specific regime a contract for opening the account is executed, setting out all the requirements in regard to disposal of the funds. The Bank is also party to the contract for opening the escrow account, which monitors the compliance with the specific requirements, introduced into the contract and requires the respective cost supporting documents. Upon fulfilment of the conditions the funds on the account will be released and may be used subject to the contract provisions.

 

The Bank opens and maintains escrow accounts in BGN and in EUR.

  • Currency: BGN, EUR;
  • Minimum non-reducible balance: 50 currency units;
  • Term: Termless.
You may be interested in: