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?
The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.
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Enjoy our comprehensive suite of tailor-made services with DBS Business Account. Apply now via our online account opening form, and our Relationship Manager will contact you shortly.