For example: Authenticity of real estate license when individuals agreed on Contract for Sale of Apartment or how to schedule payment and transfer of apartment ownership are the most common issues. For these issues, escrow account is one of the most appropriate instruments to overcome. Escrow account, is not only for sale of apartment, can be used in every commercial activities.
In order to open escrow account, parties of agreement must visit a branch of Ulaanbaatar City Bank with national ID cards and other materials and the agreement concluded therein when terms and conditions are settled between parties.
Ulaanbaatar City Bank