Overview Escrow accounts are highly regulated accounts with strict usage restrictions. They enable the secure collection and disbursement of funds, with access granted only after specific conditions are met, in accordance with the guidelines set by SAMA. Features & Benefits Secure Cash Collection Ensure the safety of your funds through professionally trained personnel and secure transport vehicles. Flexible Pickup Scheduling Schedule pickups based on your business needs, whether daily, weekly, or on demand. Direct Bank Deposits Deposit collected cash directly into your designated business accounts. Multi-Location Coverage Access services for single or multiple business locations. Who Is This Service For? Real Estate Developers Ensure compliance with escrow regulations and build trust with investors by securing project funds. Project Owners & Contractors Safeguard payments and disbursements linked to project milestones. Regulatory-Driven Projects Meet legal requirements for holding and releasing funds in approved sectors. Eligibility Criteria Documents Required How to Apply The applicant must have permission from the Ministry of Housing for projects listed on the sale map. The applicant must have a legitimate escrow purpose documented under a valid contract. View full Terms & Conditions Completed Registration Forms Signed Agreement Forms Ministry Of Housing Approval (For Sale On Map Projects) View full Terms & Conditions Initial Consultation Contact our Cash Management team through Phone Banking at 800 124 8000 to start your application. Share Project Details Provide information about your project’s purpose, such as real estate development, fundraising, or other approved uses. Submit Forms Complete and submit the application and Escrow Agreement forms. For real estate projects, include the Ministry of Housing approval. Activate Account After review and approval, your Escrow Account will be opened with the agreed terms and reporting features. View full Terms & Conditions Frequently Asked Questions How are funds released from the Escrow Account? Funds are released once the bank receives confirmation that all contractual obligations have been met by both parties, as per the escrow agreement terms. What types of transactions require escrow services? Escrow services are commonly used for real estate projects, company fundraising, mergers, and other high-value transactions that require secure third-party fund management. Are there fees associated with escrow services? Yes. Fees may apply depending on the escrow structure and services required. The applicable fees are defined in the escrow agreement between the parties and the bank. How long does it take to set up an Escrow Account? The setup time depends on completing the required documentation and approvals. Once the application and agreement forms are submitted and reviewed, the escrow account can be opened in accordance with the agreed terms. Can Escrow Accounts be opened in foreign currencies? Escrow accounts are opened based on the agreed terms and structure of the transaction. The applicable currency will be determined during the escrow account setup and documented in the escrow agreement. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services