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    Escrow Accounts and Trust Accounts

    Helping businesses securely manage financial transactions.

     Polish version

    Protecting your business in specialised transactions

    Our offer:

    Escrow Account

    What is an Escrow Account?

    An Escrow Account is a special type of bank account used to manage financial settlements.  It protects the interests of all parties involved in a transaction.

    How does an Escrow Account work?

    Funds are held in the account by an independent third party (the bank) until the agreed conditions of the transaction are met. This ensures that both the buyer and the seller are protected.

    Are you a buyer?

    With an Escrow Account, you can be confident that the money you deposit with the bank will only be transferred to the seller once you receive the agreed goods or services.

    Are you a seller?

    An Escrow Account guarantees that you will receive payment once you have fulfilled the terms of the agreement.

    The funds remain securely held in the account until all conditions are met.  The bank, acting as the escrow agent, ensures that the transaction is settled correctly.

    Why choose an Escrow Account?

    Peace of Mind Bank Guarantee Trust & Credibility
    You can be sure that you will receive what was agreed upon after making a payment. We, as the bank, ensure that the transaction is settled correctly. Using an escrow account increases your credibility with business partners.

    Additional benefits of an Escrow Account:

     

    • Flexibility in negotiations
      Helps both parties agree on terms more easily and reach a mutually beneficial deal.
    • Financial security
      Protects against the risk of fraud.
    • Transaction certainty
      Guarantees that the agreement’s terms will be met.
    • Secure funds management
      Ensures that funds are only released when the agreed conditions are fulfilled, protecting both parties. It gives you a guarantee that the money will be paid once the contractual obligations have been met.
    • Building trust
      Demonstrates a commitment to safeguarding the interests of all parties and strengthening business relationships.
    • Escrow Agent (bank)
      The bank acts as a neutral third party, ensuring fairness and transparency.
    • Customisable contract terms
      All parties have a say in structuring the escrow agreement.
    • Fast and reliable payments
      Transactions are settled efficiently, with same-day instant transfers available.

     

    Trust Account

    What is a trust account?

    A trust account is a special type of bank account regulated under Banking Law (Article 59). The legal protection of a trust account ensures that the funds: 

    • Cannot be seized in enforcement proceedings against the trustee.
    • Are not included in the trustee’s bankruptcy estate in the event of insolvency.

    What does a trust account agreement define?

    The trust account agreement is made between the bank and the account holder (trustee).

    It sets out the conditions that must be met for the funds deposited by third parties to be released to the account holder or used according to the instructions specified in the agreement.

    Why choose a trust account?

     

    • Security – it ensures protection of the funds.
    • Certainty – it guarantees that contractual conditions will be met.
    • Trust and credibility – it builds confidence with clients by demonstrating a commitment to securing their interests.
    • Flexibility – it allows all parties to tailor the terms of the agreement to their needs.