Escrow Management Account
Save yourself significant time and energy while securing competitive interest for your clients. You can easily create sub-accounts for each client with Esquire Bank's free Escrow Management Account. These sub-accounts are linked to a single master account from which you can make disbursements.
- Summary
- Keep client funds separate from your own
- Competitive interest apportioned to each individual sub-account
- Easy transfer of funds from sub-accounts to master account for disbursement*
- Can easily open new sub-accounts without need to notify bank
- Comprehensive monthly statement outlining all activity
- Free online account access
- Simplify taxes; bank will generate 1099s for each sub-account
- No setup or maintenance fees
- Can be used for individual clients, tenant security, or 1031 exchange clients
- FDIC insured
*Transfers from sub-accounts to master account may be made online, by phone, in branch, or by fax.
