X-patrio can securely store and manage customers’ funds by utilizing ECO-ESCROW service provided by the Eric Neuendorff law firm.
- What is this ESCROW then?
An escrow account is commonly known as an account that you can deposit freely but
withdrawal is limited. Moreover, this account’s security is guaranteed by the
government certified 3rd party. In this case, Eric Neuendorff law firm is the certified 3 rd party. Click here for detailed information.
This is why customers are transferring money to Eric Neuendorff’s ESCROW account, and because of escrow account’s distinct characteristic, the fund is secured for both parties; X- patrio (with the customers) and the Federal Republic of Germany(the beneficiary).
Therefore, please fill in the Recipient Detail as it is stated on the 05 Blocked Account Opening
Confirmation. If you put your name in as the recipient, the money WILL bounce back.
If you need further detail or explanation regarding ECO-ESCROW, please don’t hesitate to contact us. email@example.com / +49 (0) 30 959 990 770
*An Escrow Account with X-patrio and ECO-Escrow is utmost secure as it is protected by the § 47 Insolvenzordnung 'Insolvency Act' and the Einlagensicherungsgesetz 'Deposit Guarantee Scheme'. You are insured up to €100,000 at no extra cost.