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The account is mainly used in case of purchase/sale of real estate and guarantees the interest of both parties in the deal – that of the purchaser and that of the seller. Access to the funds on this type of account is usually possible upon presenting a notary deed and a document certifying there are no encumbrances on the said real estate.

Benefits:

  • Options to preliminary specify the terms and conditions to be fulfilled before operating with the funds
  • BACB acts as an independent moderator  and observes that the conditions for operating with the funds on the account are strictly followed
  • Security with account transactions

Currency:

BGN, EUR, USD

Opening an account:

In bank offices upon presenting all necessary documents.

Necessary documents

  • Identity cards of the pSpecial Escrow accoun holders
  • If any of the parties is a legal person, the latter should present documents as required for opening a current account
  • An agreement between the purchaser and the seller (could be preliminary)

Interest accrual:

No rate is accrued

Fees and commissions: 

Fees and commissions are in compliance with The List of terms and conditions of the bank.