Escrow Account
Safeguard your assets and reduce the risk of fraud
Overview
The UOB Escrow Account is designed to reduce the potential risk of fraud during a transaction. UOB acts as a trusted third party that collects, holds and disburses funds according to the instructions and requirements of both the buyer and the seller.
Benefits
Flexibility of UOB escrow services
We can accommodate two or more parties and set up controls for the escrow based on the requirements of all parties. The escrow account can be opened in multiple major currencies.
Peace of mind
Money in the UOB Escrow Account will be safeguarded for all parties in every transaction, all of which are processed by a dedicated and experienced UOB team.
Information at your fingertips
Track movements of your client’s funds and view daily reports with details of property transactions which may be downloaded or printed from UOB Business Internet Banking Plus (BIBPlus) to facilitate reconciliation of your accounts.
Fees
Fees will be applicable on each unique pay-in transaction file reference. For more information on the applicable fees, please contact:
- Your Relationship Manager
- Call us at (852) 2820 6663 (Monday to Friday, 9am - 6pm, excluding public holidays)
Get in touch
Call Us
Please call us at (852) 2820 6663 (Monday to Friday, 9am-5pm, excluding public holidays)
Disclaimers/Terms & Conditions
Disclaimers/Terms & Conditions
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