Home / Services / Escrow accounts
Escrow accounts

The very and the same issue “Where to keep the funds until the complete and successful arrangement of the transaction?” stands acute anytime when a purchase and sales deal is being concluded. ARMBUSINESSBANK advances guaranteed funds storage and paying through escrow accounts, anticipated for secure effectuation of movable and real estate business. The Purchaser and the Seller, acting as counterparties open an account where the transaction amount shall be tied up.  Consequently, the account is closed subsequent to the execution of the business.

To set up an escrow account, Buyer and/or Seller pay to Bank the following commitment fees:

a. For real estate purchase and sales business - 0.1% of the amount entered on the escrow account (min. AMD 20.000, max. AMD 100.000);

b. For movable property purchase and sales business - 0.3% of the amount entered on the escrow account (min. AMD 15.000, max. AMD 50.000).

Updated on 21.02.2013, 16:26

In case of any inconsistency between the information published in Russian and English, you need to be guided by Armenian version.
“ARMBUSINESSBANK” CJSC is not liable for the accuracy of the content of any linked websites, as well as for the advertisements and possible consequences resulted from the use of information provided on the linked websites by the third parties.
Neither is "ARMBUSINESSBANK" CJSC liable for the accuracy of the content of information linked on the websites of third parties about the terms and fee schedule for the services rendered by the Bank.

Official page address of "ARMBUSINESSBANK" CJSC on Facebook: https://www.facebook.com/armbusinessbankofficial
Official page address of "ARMBUSINESSBANK" CJSC on Instagram: https://www.instagram.com/armbusinessbank_official

The Bank is controlled by the Central Bank of Armenia

Return to new site