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Escrow Express
Designed for companies such as law firms and real estate management firms, the Escrow Express account centralizes the escrow function to help you manage your clients' funds. Separate sub-accounts are created for each of your client’s accounts and are associated with a single Master control account. The Master Account may be set up as the disbursement account or disbursements may be made directly from the sub-accounts.
- Simplifies accounting procedures and eliminates paperwork.
- Allows an unlimited number of client accounts per master account.
- Sub-accounts may earn interest.
- Comprehensive statement reporting provides detailed activity.
- Funds can be easily transferred from the sub-accounts to the Master account through Business Link, our online Cash Management service. From your office you will be able to monitor daily balances, determine
if a check has been paid, and request images of items paid.
- Our Express Deposit service, a feature of Business Link, along with special scanning equipment, will enable you to process deposits directly from your office.
- Additional accounts can be added remotely to improve office operating efficiencies.
- Convenient interest reporting – year-end 1099s are prepared for each individual escrow holder.
- No maintenance fees are charged for client sub-accounts.
- Sub-accounts are FDIC-insured up to the legal limit.
To learn more, call 203-431-7431 or toll-free at 1-877-431-7431 or visit any branch location.
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