 
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.
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Simplifies
accounting procedures and eliminates paperwork.
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Allows an unlimited number of client accounts
per master account.
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Sub-accounts may earn interest.
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Comprehensive statement reporting provides detailed
activity.
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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.
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Our
Express
Deposit service, a feature of Business Link, along with
special scanning equipment, will enable you to process
deposits directly from your office.
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Additional
accounts can be added remotely to improve office operating
efficiencies.
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Convenient
interest reporting – year-end 1099s are prepared for
each individual escrow holder.
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No
maintenance fees are charged for client sub-accounts.
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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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