Escrow Management for Egg Donation: Everything You Need To Know

If you are a recipient parent, you have probably done your homework and have selected a clinic to use to help you find an egg donor. But how do you ensure that your money is protected and that your donor receives payment in full and on time? One way is by using escrow management services to handle payments. 

Egg donor escrow services are essential to having a successful experience, especially if things don’t go as planned. This guide will explain why and how to use escrow management services for egg donation to keep your hard-earned money safe!

What is an escrow account?

An escrow account, in simple terms, is a special type of account set up to hold funds so a third party can make payments on your behalf. An escrow account is created to pay out a specific amount of money at certain times based on certain conditions. 

In your egg donation process, you’ll need an escrow account to hold your money and release payments when specific requirements in your egg donor agreement are met. A third party acts as custodian of these funds until they’re disbursed, depending on predetermined guidelines and rules included in your egg donor agreement.

Why do you need escrow fund management services for egg donation?

Using a third party to manage your escrow account protects everyone’s money until the egg donation journey is complete. 

As an egg donor, it’s important to be sure you’re paid on time and in accordance with your contract. 

As a recipient parent, allowing a third party to manage the funds removes all the stress and worry of making sure everyone involved is paid on time and your money is protected from loss. Since there are many expenses associated with egg donation, it’s also important to be certain that your money is going where it is supposed to go. 

That’s where an escrow management account comes in: an escrow fund manager holds your funds until specific qualifications are met for payment. The escrow fund manager then makes payments on your behalf using the funds available in the escrow account.

Escrow companies don’t just keep your money safe; they also make it possible to be in control of your money. Donor egg recipients will benefit from SeedTrust’s meticulous record keeping, open communication, and complete transparency through every step of the egg donation process.

How does an egg donor escrow account lower risk?

It’s important to choose a company with experience managing funds for egg donation arrangements, not just any escrow agent or attorney. You want to be certain that they are familiar with the laws surrounding egg donor agreements and that every disbursement is checked against your contract before any payments are made. 

The team of legal and financial experts at SeedTrust reviews every disbursement request. Every disbursement must have proper supporting documentation and correspond to the express provisions contained in the Parties’ underlying contract.

A professional egg donor escrow company like SeedTrust also protects your funds against fraud or corruption. In fact, SeedTrust client funds are fully insured with a $40 million bond! Escrow funds are also secured by a $2 million general liability policy, a $1 million Errors & Omissions policy, and a $1 million Cyber Incident Protection policy. 

Additionally, all our client funds are held in an attorney-managed trust account to reduce your risk even further.

Can you see what’s in the account online?

An escrow management company that doesn’t provide transparency into your account should raise some red flags. 

As the industry’s leading Assisted Reproductive Technology (ART) Escrow Platform, SeedTrust offers 24/7 access to accounts by all parties. You’ll have access to your entire escrow file, including the fund balance, and a record of all transactions and relevant documents throughout your journey.

Do you work with independent recipient parents?

SeedTrust is happy to provide egg donor escrow services to recipient parents who are not working with an agency. Complete our Independent Intended Parent Inquiry form to receive more information about our services.

Do you work with recipient parents who live outside of the United States?

We have worked with recipient parents from all over the world, including China, Germany, Brazil, Argentina, the U.K., and Ukraine. Our online platform is available in seven (7) different languages. International recipient parents will benefit from our relationship with overseas banks to access funds for their escrow accounts. We also partner with foreign currency exchanges to lock in exchange rates and help minimize exchange fees. 

How much do egg donor escrow services cost?

SeedTrust’s escrow management services for egg donation cost just $400 for your entire journey. There are no additional fees. We don’t charge wire transfer fees or check-cutting fees. With SeedTrust, there are no hidden fees. EVER.

How long does it take to set up an account?

Setting up your account is quick and easy. Simply contact us at [email protected] or call (888)-223-9818. 

You can easily fund your account using bank wire, ACH transfer, electronic fund transfer, or check. We suggest using wire or ACH transfer as the funds will clear and be ready for disbursement in as little as 24-48 hours. 

If you decide to fund your account by check, please note that it may take 10-15 days for your check to clear through your banking institution.

After you send your funds, you should notify SeedTrust within the portal or by sending an email to [email protected] to let us know that you’ve completed your transaction. Please be sure to include your case name, the date you sent the funds, the amount sent, the method of payment, and the name of the sender. 

Should you ever need to replenish the funds in your account, you will receive an email notification from your client portal alerting you to do so. 

How to get started.

If you’d like to learn more escrow management for egg donation, please fill out our online inquiry form, and our team will answer any questions you may have. 

SeedTrust® welcomes ALL clients and does not discriminate on the basis of race, color, national origin, age, disability, or sex.