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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 that protects the parties involved in the business and ensures that the transaction of resources flowing through the account comply with previously defined instructions and rules.

A Escrow Account is perfect for your business because:

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

Minimum opening deposit

No minimum subscription.

Fees and charges

The fees and charges foreseen in the price list 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

Have doubts? We'll answer them!