Escrow Agency Services

Escrow Agency Services

Escrow refers to an agreement between two parties where PBCOM-Trust, as a neutral third party, holds and releases the money, securities, or properties until all the terms of the contract are fulfilled. 

 

Features and Benefits

  • Minimum of Php1,000,000
  • Security of assets
  • Provide protection from deceitful and fraudulent buyers and sellers
  • POEA Escrow to comply with POEA’s requirement in opening manpower agencies
  • For real estate developers to start operations
  • Savings from capital gains tax on selling of primary residence
  • Real Estate Escrow
  • HILURB Escrow
  • BIR Escrow (Capital Gains)

Eligibility

Available to individuals and corporations/companies

Requirements

INDIVIDUAL

  • One (1) valid government ID
  • PBCOM Savings/Checking Account (Settlement Account)

 

CORPORATE

  • Articles of Incorporation
  • By-Laws
  • General Information Sheet
  • Board Resolution to open an account with PBCOM Trust
  • Government-issued ID
  • PBCOM Savings/Checking Account (Settlement Account)

Terms and Conditions

  • Investments in trust and other fiduciary products or services made through PBCOM – Trust and Wealth Management Group (PBCOM-TWMG) are not deposits and are not guaranteed, issued or insured by PBCOM or its affiliates or subsidiaries.
  • These investments are not insured by the Philippine Deposit Insurance Corporation (PDIC).
  • Due to the nature of the investments, yields cannot be guaranteed. Historical performance, when presented, is purely for reference purposes and is not a guarantee of future results.
  • Any income or loss is for the account of the trustor/investor.
  • The Trustee is not and shall not be liable for any losses of the investment, except those resulting from willful default, bad faith or gross negligence.
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