Service overview
- The real estate escrow account is an account opened by the escrow party at Techcombank (TCB) to transfer funds to the Developer or the transferee after completing the agreed conditions.
- Specialized financial management helps ensure transactions are safe, follow the correct process, and are transparent.
- Techcombank commits to releasing the account only when the payment conditions are met according to the agreement between the relevant parties.
Outstanding features
- Supports a variety of currencies for flexible transactions according to business needs.
- Option to deposit escrow with a fixed term or without a fixed term, suitable for each type of transaction.
- Clear payment purposes, ensuring transparency in real estate transactions.
- The escrow funds will be managed according to the agreement between the parties, only released when the conditions are met.
- Businesses can track accounts online through Techcombank's e-Banking system.
Service usage requirements
1
Customers are the investors of a real estate project.
2
Customers with current accounts at Techcombank.
3
Signing an agreement of deposit management services for real estate projects.
