What Is a House Account?

Fund supervision account (derived from Escrow), also known as third-party supervision, is mainly used for real estate transactions. It means that the transaction funds of the buyers and sellers do not directly pass through the brokerage company, but are managed by the real estate administrative department together with the bank and a qualified institution The fund supervision "special account" opened in the bank is transferred, and the account belongs to the bank.

Fund supervision account

Supervised account refers to the agreement signed between the enterprise and the bank, entrusting the bank to specifically manage and use the funds for specific purposes in the designated account.

special service:

1.Provide two services: payee supervision and usage supervision

2.Provide online inquiry service

3.Provide parent and child account supervision services

Two different models are available: closed-end dedicated account supervision and direct supervision. 1. Closed supervision requires the opening of a special account, which is mostly applicable to the supervision of credit-related funds; 2. The direct supervision model is that the company uses the settlement deposit account that has been opened at the handling bank as the designated supervision account, and the handling bank teller is at AS400 Supervision logo is set in the system, no special account is opened.

non-

1. and specific

Closed special account account opening information: 1. Certificates required to open a basic deposit account; 2. Registration certificate for opening a basic deposit account; 3. Certificates from the competent department or other relevant departments; 4. Account supervision agreement with the agency 5. Approval form for account supervision business.