Your Escrow Company

Why Trust Summit Accounting .Bz as your escrow company

Summit Accounting and Capital Ltd (SACL) is a reputable company with over 30 years of combined experience providing accounting, investment, and escrow services in Belize.

safe and secure

An extremely important aspect of Escrow services is trusting that the escrow company is legitimate, that the funds will be held safely, and disbursed only when appropriate, and in a timely manner.

To start with, our services are guided by legal escrow service agreements which clearly specify the terms and conditions that must be met before disbursement of funds to the seller can be made.

To ensure that your funds are safe, our escrow accounts are held in trust in separate, special escrow bank accounts managed in compliance with strict internal and external controls.

Our Escrow Services

what we have to offer

Our Fees (BZD)

(1 USD = 2 BZD)

Basic
$1000
$50,000 - $100,000
  • Includes execution of escrow agreement: $500
  • Minimum transaction value: $50,000

* accounts requiring more than 4 disbursements or extending over a year pay a small per transaction fee.

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Premium
$2500
$250,001 - $500,000
  • Includes execution of escrow agreement: $500
  • Minimum transaction value: $250,001

* accounts requiring more than 4 disbursements or extending over a year pay a small per transaction fee.

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Enterprise
CALL
$500,001 and Over
  • EIncludes execution of escrow agreement: $500
  • Minimum transaction value: $500,001

* accounts requiring more than 4 disbursements or extending over a year pay a small per transaction fee.

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What is Escrow?

Escrow services allow both a seller and a buyer to protect a transaction, primarily against a loss of goods by the seller and money by the buyer, by placing payments in the hands of a trusted third party that collects, holds, and disburses funds until a set of specific terms and conditions are met according to the instructions of the seller and the buyer.

The funds are held in an escrow bank account for the benefit of the two other transacting parties until disbursed to the seller once all terms and conditions are met, or returned to the buyer should the sale or transaction fall through.

In an escrow agreement, the escrow service will not release the funds to the seller until the buyer has authorized it. In other words, the escrow service owes no obligation to the seller until the buyer has accepted the goods or acceptable delivery of the goods, and even that obligation is dependent on the buyer’s consent.

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+501 600-1026
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