Escro Service

Purchase-Sale of real estate or various shares, as well as intermediary transactions are related to huge risks. However, at such times you can feel calm and safe.
Use terabank’s ESCRO Service - Insure the risk of payment and assignment of the ownership right, related to purchase-sale.


What does ESCRO Service mean? 


ESCRO is the simple means of insuring the risk of payment and assignment of the ownership right, related to purchase-sale. In case of ESCRO service, trilateral agreement is signed, in which the bank is one of the parties. The bank is responsible for correctness of documentation and performance of the operation. Cash resources of the parties involved with the concrete transaction, are recorded at ESCRO account. The bank assigns the amount to relevant party only after the outstanding liabilities between the parties are fulfilled, - or the bank receives the relevant order on the funds disbursement.


Who can use ESCRO service


Individuals, as well as the legal entities, residents and non-residents, can use the Escro service. 
ESCRO Service Rate/fee

  • 0,2% min. GEL 100 

Application Form

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