There’s always risk involved whenever a large amount of money is involved in a purchase, which is why it’s best to have an independent third party to oversee the process, and facilitate the successful conclusion of the transaction between the buyer and seller.
PPCBank’s Escrow Service offers a financial arrangement where Escrow Agent (PPCBank) holds and regulates the payment of funds required for the two parties involved in the transaction. Escrow Service helps make transactions more secure by keeping the payment in an escrow account and the payments are only released when all of the terms of the agreement are met, as overseen by the Escrow Agent (PPCBank)
Key Benefits
Minimize risk and secure the transaction between buyer and seller
Timely delivery of funds to designated parties
Peace of mind for both parties
Requirements
National ID / Passport
Sale Contract / Sale Purchase Agreement, Consultant / Service Agreement
Open account with PPCBank
Types of Business Coverage
Real Estate
Rentals
Construction
Consultant
Fees
| Escrow | Amount | Fee | Comments |
| Issuance Fee | below $1,000,000 | 0.1% of Escrow Amount (Min. $300) | Legal Fees $100 |
| $1,000,001 to $5,000,000 | $1,500 | ||
| $5,000,001 to $10,000,000 | $2,000 | ||
| above $10,000,000 | Negotiation (above $2,000) |