Escrow Account

  • conveyancing-accountconveyancing-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

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Flexibility of UOB escrow services

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Peace of mind

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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.

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.

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Information at your fingertips

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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.

Requirements/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)

Apply Now

Call Us

phone

Please call us at (852) 2820 6663

(Monday to Friday, 9am - 6pm, excluding public holidays)

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