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• Not a customer yet?

  Become a customer

• At least one of the parties to the transaction must hold an account with Swedbank;
• fill in the Escrow Account Agreement preparation application:
  • Real estate Escrow Account Agreement preparation application
  • Other type Escrow Account Agreement preparation application
• All three parties - the Bank, the buyer, and the seller need to enter into a trilateral agreement. Standard Escrow Account Agreement sample;
• Upon opening the account and signing the agreement all parties have to present their ID documents: passports or driving licenses (for residents);
• Based on a request of the Bank the Buyer, before signing a contract, shall be obliged to submit to the Bank documents which prove the source of the funds used for the transaction.

• The bank opens escrow account;
• The buyer transfers the amount of transaction to the escrow account;
• The seller does the necessary paperwork and delivers the documents to the bank;
• The bank checks the documents delivered. If the documents meet the requirements of the agreement, then the bank effects the transaction - the seller receives the money and the buyer receives the original documents.