For More Information
+37167025249
Escrow Account
An Escrow account is a trust account which assists with sale/purchase transactions (real estate, cars, and any other property), by reducing the risk between the involved parties to the minimum. The buyer, the seller and Rietumu Bank sign an agreement in which they mutually agree on the documents necessary and the terms and conditions of a deal to be carried out. The buyer obtains the right to own a property (a good) when the agreed amount has been transferred to the escrow account in the bank; the seller in turn receives the money after fulfilling his obligations specified in the agreement. Fees: Escrow Account| Escrow account maintenance |
| | Opening & Maintenance of escrow account (if the deal is financed by JSC "Rietumu Banka") |
| | Composing, forming and maintenance |
0.1 %, min 300 LVL, max 3000 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| | Opening & Maintenance of escrow account (without bank financing) |
| | Standard agreement |
0.3 %, min 100 LVL, max 500 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| Escrow account maintenance |
| | Opening & Maintenance of escrow account (if the deal is financed by JSC "Rietumu Banka") |
| | Composing, forming and maintenance |
to be agreed, min 500 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| | Opening & Maintenance of escrow account (without bank financing) |
| | Standard agreement |
0.3 %, min 100 LVL, max 500 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| Escrow account maintenance |
| | Opening & Maintenance of escrow account (if the deal is financed by JSC "Rietumu Banka") |
| | Composing, forming and maintenance |
0.1 %, min 300 LVL, max 3000 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| | Opening & Maintenance of escrow account (without bank financing) |
| | Standard agreement |
0.3 %, min 100 LVL, max 500 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| Escrow account maintenance |
| | Opening & Maintenance of escrow account (if the deal is financed by JSC "Rietumu Banka") |
| | Composing, forming and maintenance |
to be agreed, min 500 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 500 LVL |
| | Opening & Maintenance of escrow account (without bank financing) |
| | Standard agreement |
0.3 %, min 100 LVL, max 700 LVL |
| | Change of the escrow account agreement terms |
50 LVL |
| | Non-standard agreement or agreement for the amount exceeding 1 000 000 LVL |
to be agreed, min 700 LVL |
|
