ACCOUNTS

ESCROW ACCOUNT

If you are going to buy or sell property/goods, provide services or perform works, you want to minimize the risks in transactions, Acba bank offers to carry out transactions with Escrow accounts

Suitable for any business

An account can be opened by resident and non-resident individuals, legal entities, individuals without legal entity status, and individual entrepreneurs.

Seller is protected

The seller is insured against the risk of non-payment or partial payment by the buyer, as well as against fraud or deception

Buyer protected

The seller can receive the buyer's payment transferred to the account only after submitting the relevant documents. If the work is not completed, the money is returned

Account opening fee

Up to AMD 250,000,000 (inclusive) - 0.1% of the transaction amount, minimum AMD 30,000
From AMD 250,000,001 to 500,000,000 (inclusive) - 0.15% of the transaction amount
Over AMD 500,000,000 - 0.2% of the transaction amount

Annual interest on positive Escrow account balance

Fee for changes to approved Escrow account terms

AMD 25 000

_{*The fee for requesting a unified reference from the RA Cadastre Committee regarding registered rights and restrictions on real estate is payable by the Seller.}

Required documents

Escrow card application

Successive steps for implementing a transaction

Required Information

Benefits of Escrow account transactions for the Buyer

The amount transferred to the special bank account by the Buyer can be received by the Seller only after submitting the relevant documents.
The buyer is insured against fraud, forgery, risk of paying for the submitted false documents,
The amount credited to the Escrow account will be refunded to the Buyer in case of non-fulfillment of the contractual obligations by the Seller.

Benefits of Escrow account transactions for the Seller

The Seller is insured against the risk of non-payment or partial payment by the Buyer,
The seller is insured against counterfeiting, receiving counterfeit banknotes from the buyer,
The risks involved in trading are minimized.

Last Update՝ 10.03.2026