What's with the bank custody?

The transaction fund custody business is a kind of financial service in the intermediary business field of banks, which is mainly applicable to the situation that the transaction involves the transfer of large amounts of funds, but the two parties do not know each other and trust each other. You can ask the local bank if it has this business. Because according to different needs, every city may not provide the same business. China Construction Bank's "Baiyian-Transaction Fund Custody Service" is the kind of service you mentioned. The brief introduction is as follows: "Bailian-Transaction Fund Custody Service" refers to the credit intermediary provided by China Construction Bank (hereinafter referred to as "CCB") for both parties to the transaction of goods or services. The buyer first deposits the transaction funds in the bank and temporarily freezes them. After the seller provides the goods or services agreed by both parties and submits the relevant equity certificates to CCB for temporary storage, CCB will pay the transaction funds to the seller according to the instructions of both parties and hand over the warrants to the buyer; If the two parties fail to reach a deal, CCB will return the transaction funds and warrants as agreed. If both parties to the transaction do not need the bank to hand over the warrants, CCB will only transfer or return the transaction funds as agreed. Safe and reliable buyers no longer have to worry about not getting the goods or services agreed in the transaction contract because of the seller's breach of contract after payment. CCB's transaction fund custody service allows buyers to pay with peace of mind after the conditions agreed in the transaction contract are realized. After the seller provides goods or services, there is no need to worry about losing money and goods because of the buyer's breach of contract. The transaction fund custody service of China Construction Bank enables the seller to collect money while transferring the goods or services agreed in the transaction contract. The buyer can earn deposit interest income by depositing the transaction funds into CCB, and the funds can be preserved during the transaction. The procedure is simple. The buyer and the seller only need to sign and perform the relevant agreement at the outlet where CCB handles the transaction fund custody service. Supporting services: Both buyers and sellers also have the opportunity to enjoy consulting and other related supporting services provided by CCB. The service scope of "Bailian-Transaction Fund Custody Business" includes normal and legal transactions between customers in real estate sales, commodity trade, equity transfer, mergers and acquisitions, debt restructuring, study abroad, immigration intermediary and other fields, which is in line with relevant laws and regulations of China.