Goldman Sachs Transaction Banking

Goldman Sachs Transaction Banking offers corporate escrow for M&A, good-faith deposits, construction and deals that use controlled accounts. The legal provider is Goldman Sachs Bank USA and its affiliates.

Services

• Corporate escrow
• M&A escrow
• Good-faith deposits
• Controlled accounts

The bank states availability in USD, EUR and GBP in the United States and the United Kingdom, and integration of reporting with its Treasury Hub platform. For an acquirer, this means deposit and release balances can be tracked in the same reporting environment as other transaction banking accounts.

Onboarding and fees

Full KYC documentation is required, and eligibility is assessed for each transaction. Fees may be waived on certain eligible transactions at the bank's discretion, but there is no universal waiver, so cost is settled case by case.

Who it suits

The offer fits corporates, sponsors and their advisers who want a large bank as escrow holder for a deal of significant size, and who value reporting and account control over a fast onboarding process.

Terms to confirm

Minimum deal size, release mechanics and processing times are not listed.