What is an Escrow Account? A Safe Way to Manage Transactions
What is an escrow account? An escrow account is a secure, third-party account where funds are held until specific conditions of a transaction are met. Commonly used in real estate, online payments, and large business deals, escrow accounts protect both buyers and sellers by ensuring money is only released when all agreed-upon terms are fulfilled. This adds a layer of trust and safety to financial transactions, making them smoother and more transparent.
