Escrow Account | Micro and Small Business | Ameriabank
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What is escrow account?


We find it very important that you enter new markets, expand your footprint, scale up cooperation with other companies, and find major reliable partners. 

When you plan ahead and design new projects, you may rely on our services and unconditional support as your best partner. 

When conducting trade or other major transactions, it is a matter of concern where to keep the funds until execution and completion of a transaction. For enhanced security and reliability, we offer opening an escrow account at Ameriabank as a guarantee of safekeeping and payment of funds. It is a special bank account opened by the parties to the transaction. 

Advantages

Funds are kept on the escrow account until completion of the purchase and sale transaction or fulfillment of obligations between the parties.

The account is closed upon closure of the transaction.

Advantages

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Security

Cash will be paid only (i) after the transaction is finalized and the bank is provided with sufficient documentary proof that contractual obligations between the parties have been performed properly and when due, or (ii) in other cases agreed between the parties.

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Repayment of funds

You will get the cash deposit back, if the other party to the transaction does not perform its obligations when due, or in other cases defined under respective contract or by mutual consent of the parties.

How do I open an account?

For enhanced security and reliability, we offer opening an escrow account at Ameriabank as a guarantee of safekeeping and payment of funds.

1

Visit any branch of Ameriabank

To open an escrow account, you can visit any branch of Ameriabank

2

Complete escrow transaction application

Complete escrow transaction application, indicate the transaction details, and provide identification documents of both parties to the transaction (for individuals - ID, for legal entities – reference from state registration authority and ID of the director), as well as the documents related to the subject matter of the transaction.

3

Open an escrow account

After that, you will need to schedule an appointment and visit Ameriabank’s head office together with the other party to the transaction to sign the trilateral escrow agreement. Your escrow account will be opened based on the agreement.

Terms and conditions

Business Account

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We are here by your side to provide the required innovative services, to support your company’s uninterrupted activities and growth.

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Metal Accounts

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If you have a metal account in gold, you can spare yourself the trouble of saving in different currencies and worrying about exchange rate risks.

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Ameria Deposit

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The versatility of our deposit options enables you to add and, within a certain limit, withdraw sums from your deposit account during the deposit term.

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Last updated on 26.04.2023 11:37