Accounts of Private Enforcement Agents (PEA)

Opening and maintenance of accounts of private enforcement agents under Article 24(1) of Law on private enforcement agent (LPEA) .

Purpose

The Bank opens a package of accounts for the following purposes:

Special client account for keeping the funds which the Private Enforcement Agents receive for liquidating the assets of debtors whose debts the PEA has been engaged to enforce.
Interest account for the daily settle of the interestdue by the Bank, accrued on the funds in the special account described above.
Payment account for fees and charges payable by the creditors of the PEA.
Payment account for keeping funds received by the PEA in connection with additional activities under Art. 18 of the LPEA
Standard (current) payment account for payment of any bank’s fees and commissions due by the client, as well as for other incomes and expenses related to its activity

Go to a convenient bank branch to complete and submit the required documents. Sign an account opening contract.