Escrow Management

Easily manage client accounts

We can help you streamline the administration of your clients' accounts so you can stay organized and easily manage funds to meet their needs.

Conveniently manage the accounts of several clients with our online tools. Take advantage of all the benefits of Escrow Management:

• Conveniently track balances online with Business Online Banking
• Save time with real-time transfers from sub-accounts
• Open and close sub-accounts online
• Reduce wasted paper with consolidated electronic statements
• Your clients receive Interest Reporting 1099 tax statements directly from Dollar Bank
• Rest assured with standard FDIC insurance coverage for each sub-account

Manage the accounts of several clients easily with one master account:

• Business checking account held in the name of your firm as the escrow agent
• Funded from sub-account closings and transfers
• Disbursements occur at the master account level by check issuance or wire transfer

Or, manage the accounts of several clients with individual sub-accounts:

• Sub-accounts are titled in the names, tax identification numbers, and addresses of your clients for which the escrowed funds are held
• Interest-bearing or non-interest-bearing accounts available (IRS W9 forms signed by your clients are required for interest-bearing accounts)
• Sub-accounts are attached to the master account for easy withdrawals and account closings 

Contact our treasury management experts today to discuss which solutions are best for your business. 

Contact our treasury management experts