Frequently Asked Questions

• Over 12 years in the market
• Over $2 billion in escrow transactions
• Over $2 billion in trust assets
• A professional team with solid and diverse experience in trust and escrow services

No, but it is advisable that the agent holds a voluntary errors and omissions (E&O) insurance policy to cover any potential disbursement mistakes.

An escrow agreement is a contract between parties that sets out the terms and conditions for the use of funds held by the designated escrow agent.

A full list of requirements is provided, including standard KYC documents (KYC form, IDs, proof of address, and source of funds, among others).

A CS is a direct instruction from the parties detailing when, where, how, and to whom escrow funds should be disbursed. It outlines the use of transaction funds.

The Escrow Agent can only release funds as specified in the escrow agreement. For example, funds may be released at closing upon execution of the transfer deed and signed Disbursement Letters.

Once closing occurs, the agent processes disbursements. Local transfers (via SINPE) are immediate, while international transfers may take 24–48 hours depending on the destination.

The agent disburses funds as outlined in the escrow contract. If instructions are unclear, the agent may deposit the funds with a court or hold them until the legal dispute is solved.

Yes, especially if both buyer and seller are U.S. citizens and have U.S. bank accounts.

This was common practice in the past. However, since October 18, 2023, a new MEIC regulation requires that all funds for future sales contracts be deposited into a Guarantee Trust managed by a bank-affiliated fiduciary.