The NAB Escrow service is designed to provide a secure, transparent service for sellers. It allows a seller to invite a buyer to deposit payment(s) for provision of services into an Escrow account managed by NAB, on the basis that any payment is kept separate from the general funds of the seller.
The funds are held in an Escrow account until both the seller and the buyer agree to a release of payment, or another event occurs that requires NAB to deal with the funds. Upon receipt of valid instructions, NAB will release the payment from the Escrow account in accordance with the applicable terms of the NAB Escrow service.