Escrow Account


If you are interested in sale or purchase of real property, vehicles and securities, Cartu Bank ESCROW account makes this transaction safe and comfortable.a

 

The service is simple

  • „The buyer opens an ESCROW account with Cartu Bank to place the transaction amount
  • The Bank settles the legal formalities
  • Upon execution of a contract and on condition of meeting its obligation, the amount in full will be paid to the seller
  • In case of default, the buyer will not lose the money.

 

ESCROW account advantages


  • Secure and mutually guaranteed trade transaction
  • Small service commission
  • Convenient payment term

 

 ESCROW account conditions

  • Purpose
  • Real property sale or purchase
  • Vehicle sale or purchase
  • Sale or purchase of securities (shares, stock etc.)
  • Account currency - GEL
  • Account term - Max - 6 months
  • Amount – unlimited

 

 

 SERVICE FEES

Transaction of over 5 working days
  • 0.2% - 1% (min. 100 GEL, max 25,000 GEL)

 Transaction of over 5 working days

Up to 400,000 GEL        100 GEL

400,001 GEL and more

  • 0.05%-5% (min. 200 GEL, max 25,000 GEL)