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Holding a current account with ACBA-CREDIT AGRICOLE BANK CJSC, you will have the opportunity to manage your funds efficiently and securely, as well as send and receive profitable transfers on the territory of Armenia and worldwide.
If you are going to buy or sell property/product, provide services or implement works and want to minimize the transaction risks, ACBA-CREDIT AGRICOLE BANK offers you to make your transactions via escrow accounts.
Escrow account is a special bank account, where are frozen the funds subject to payment as a guarantee for sale-purchase, goods shipment, service provision and work implementation.
The advantages of the transactions via escrow accounts for the Buyer
The Seller can receive the amount of funds entered to the special bank account by the Buyer only after presenting the relevant documents,
The Buyer is insured from fraud and from the risk of paying for submitted false documents,
The amount of funds submitted to the escrow account will be returned to the Buyer in case of non-performing agreement responsibilities.
The advantages of the transactions via escrow accounts for the Seller
The Seller is insured from the risk of non-payment or partial payment by the Buyer,
The Seller is insured from fraud, from receiving false bills by the Buyer,
The risks in trade transactions are minimized.
The main terms of opening escrow accounts:
The Bank opens escrow accounts for RA resident and non-resident individuals, legal entities, persons with no status of a legal entity and private entrepreneurs,
Currency - AMD or other currencies acceptable for the Bank.
There is no minimal initial amount limit.
In case of any inconsistencies between the published Armenian and English information, the Armenian version prevails. Updated: 19.08.2019 12:54