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  1. Small and Medium
  2. Corporate
Open an Account
PT EN
Go to homepage
I want to...
Open an Account

ESCROW ACCOUNT

An escrow account is a current account in Kwanza with transaction restrictions, available for subscription by business Customers

What can be included in an Escrow Account?

Ensures the protection of Customer resources

Allows minimizing the risks in purchase and sale transactions

Allows the setting up of rules for the deposit and release of values

Offers greater security in high-risk transactions or business

Fast response time to the Customer's request

BANNER SECUNDARIO CONTA ESCROW

Minimum opening deposit

No minimum subscription

Fees and charges

The fees and charges foreseen in the price list for escrow accounts apply

Tax

Fees and consideration for financial services are subject to a 14% VAT rate, in accordance with Article 12(1)(i) of Law No. 7/19, of 24 April. While authorized, the use of credit through bank overdrafts is subject to a 0.1% Stamp Duty on the monthly average obtained by adding the daily balance due, during the month, divided by 30. The interest charged is subject to a 0.2% Stamp Duty

Useful documents

Escrow Account Information Sheet
0.15 mb
Requirements for Opening a Business Account
4.58 mb

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