SPECIAL
ACCOUNTS

Special accounts > Opening of a special account >

Special accounts

 

Current accounts with special functions (escrow accounts) and a special administration regime for the available funds

The designation and the special requirements regarding the utilization of the funds shall be explicitly stated in a written contract

The Bank guarantees that the funds shall be spent after a strict and thorough observance of the terms and conditions set in the transaction

The funds shall be used mainly in transactions for the purchase of real estate, land, providing a certain service, purchase of chattel, buying and selling off stakes in companies

They shall also be opened in compliance with special programs.

Applicable fees and commissions - negotiable

 

Advantages:

 

Confidence and peace of mind to both parties upon concluding certain transactions

The Bank shall exercise control over the compliance with the terms and conditions set in the transaction

 

Useful Information

 

General terms and conditions to the Framework Agreement for opening and servicing of current bank accounts and execution of payment operations

Bank Tariff