Job Recruitment Website - Property management - What is a supervision account?

What is a supervision account?

Supervision fund supervision account (from custody), also known as third-party supervision, is mainly used for real estate transactions. That is, the transaction funds of buyers and sellers are not directly transferred through brokerage companies, but are transferred by real estate management departments in conjunction with banks and institutions with guarantee qualifications, which belong to the bank's supervision of bank funds in "special accounts".

When the buyer transfers ownership within the specified time limit, the funds will be transferred to the original owner's account, otherwise the funds will be transferred to the buyer's account. Therefore, the supervision of funds requires buyers and sellers to open accounts in the supervision bank, which is the main body of fund supervision to ensure the safety of trading funds of buyers and sellers and safeguard the rights and interests of buyers and sellers. Similar to online trading platforms such as Alipay and Tenpay.

What are the applicable conditions for bank supervision accounts?

Supervise account funds related to specific credit projects, including but not limited to capital construction loans, decoration loans, real estate development loans, operating property loans, accounts receivable pledge financing, factoring financing, etc. ; Other businesses that need to manage special funds in designated accounts, including but not limited to e-commerce deposit accounts and partnership fund accounts.