Special accounts of Notaries under Article 25a of the Notaries and Notary Activities Act intended for management of funds under transactions for setting up, transferring, amending or terminating rights over real estate.
And the payment orders of the notary will be arranged in a written agreement between the notary and the parties to the transaction.
According to the requirements of the Notaries and Notary Activities Act every notary must have a special account opened for servicing the proceeds from acts for setting up, transferring, amending or terminating real estate rights.
Raiffeisenbank offers the possibility of opening a special account for the following activities, but not limited to:
The fees and commissions charged to the account are in accordance with the Raiffeisenbank (Bulgaria) EAD Tariff of Fees and Commissions for Legal Entities and Sole Traders and with the additionally agreed terms and conditions.
To open a Special Account of a Notary with Raiffeisenbank, you must provide the following to the Bank:
Visit the nearest office of Raiffeisenbank.
