Safeguard your assets and reduce the risk of fraud
Reduce the potential risk of fraud during a transaction with an Escrow Account. We offer a robust suite of products and services that safeguard your assets. DBS acts as a trusted third party that collects, holds and disburses funds according to the instructions and requirements of both the buyer and the seller. Our Escrow Account service applies to RMB or foreign currency settlement accounts, and can be tailored to suit your needs.
Why choose DBS Escrow Account?
If you currently have an RMB Business Account or Foreign Currency offshore account under one of the parties’ names, you would be eligible to conduct an escrow business. Escrowed funds will be released under joint authorised instructions.
Subject to the Bank’s agreement review and checks on all entities related to the escrow, if you already have a Business Account with DBS China, the Escrow Account usually takes one day to be opened.
We offer Escrow Accounts in 11 major currencies, namely AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, RMB, SGD and USD. We can also arrange for a foreign exchange trade to pay in your desired currency outside of this list.
We follow the relevant regulation as set out by the People’s Bank of China (PBOC).
Please contact us at 400 820 8988 for more information on interest rates.
How do I apply?
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