When acting as a mediator, Norvik Banka:
- transfers money received from one of the contracting parties to a special trust account;
- receives from the other party a document approved by both parties and examines it;
- transfers the entire transaction amount from the escrow account provided that all the terms of the agreement related to the contents of the document and the terms of submission thereof are met.
Application to open an escrow account.
Norvik Banka is a member of Deposit Guarantee Fund , which means that your deposits placed in Norvik Banka are guaranteed by the state. More information on deposit guarantee system you can find here.