Do you need an unbiased third party in a contract/arrangement involving the exchange of money, securities, documents or properties? Bank of Commerce, as the third party, ensures faithful compliance with the terms of the contract and protect the parties respective interests.How can we help you?
|Type of Escrow|
|Property Escrow||Buying or selling a property? Bank of Commerce can help you facilitate the agreement where both parties should meet the terms and conditions before the funds and title are released to the respective parties.|
|Capital Gains Tax Escrow||Selling your primary house can exempt you from capital gains tax, provided that you will acquire or construct your new principal residence within 18 months.|
|POEA Escrow||Before being a Licensed Overseas Recruitment company, you are required to deposit in escrow an amount prescribed by the Philippine Overseas Employment Agency (POEA) to meet the claims of the agency and the workers.|
|HLURB Escrow||A property developer can be issued a Temporary License to Sell provided that the company opens an escrow account and sales proceeds are deposited thereto.|
|Source Code Escrow||The source code to your software/s can be kept safe in Bank of Commerce.|