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Our Attorney Escrow Account gives you both safety and convenience in a single source. First, each of your clients' accounts is segregated into separate sub-accounts. These sub-accounts are then linked to a single disbursement account from which disbursement checks may be drawn. Thus, you can open and close sub-accounts as needed while maintaining a permanent master account for disbursements. Each sub-account is also clearly identified with your clients social security number or taxpayer ID number. Other benefits are:

  • Comprehensive monthly statement. Each month you will receive a straight-forward statement that clearly describes all account activity.
  • Competitive interest rates. While you benefit by saving bookkeeping time, your clients will receive interest at a rate that is based on the Bank's Money Fund Savings rate.
  • Easy transfer. Transfers of funds from sub-accounts to the disbursement account may be made by phone, in writing, by fax or at your branch. Once the transfer is complete, a check can then be drawn up to the amount of the transfer.
  • Tax reports. The Bank will generate the 1099 tax reports required for each sub-account.
  • No maintenance fees. The Bank does not charge maintenance fees on Attorney Escrow Accounts.

To request information on these or any of our business products, click here. We also invite you to visit one of our branches and talk to a customer service representative.




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