What is an Escrow bank account?

An Escrow bank account is an account which receives, holds and disburses funds subject to the rules of an Escrow agreement between a buyer, seller and other applicable third parties.

How it works

As an independent and trusted third party, FNTC America will set up and manage the escrow accounts. Purchase and other agreed funds are deposited into the account and held until the terms of the escrow agreement are satisfied. Once FNTC America is satisfied that the terms of the agreement have been met, the funds are disbursed in accordance with the agreement.

Benefits include:

• Protects against fraud by providing high levels of protection for consumers, developers, sales and management companies and other third parties
• Ensures agreements between parties are compliant before funds are distributed
• Avoids unnecessary disagreements and disputes
• Reliable and prompt disbursement of funds
• Lends credibility to any sales process
• Increases consumer confidence

For more information on how FNTC America can help your business please email FNTC America or contact by phone at + (1) 866 978 2571