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Escrow Management
Fulfill your fiduciary role for non-commingled client funds using our Escrow
Management Service. You can conveniently manage the accounts of several clients
including the ability to open, close, and transfer client funds without leaving
your office!
Take advantage of all the benefits of using our Escrow
Management Service:
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Conveniently track balances online with CashAnalyzer®
management system.
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Save time with fast and easy real time transfers from Sub-Accounts.
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Open and close Sub-Accounts from the convenience of your office online.
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Reduce wasted paper with consolidated electronic statements.
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Your clients receive Interest Reporting 1099 tax statements directly from
Dollar Bank.
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Rest assured with standard FDIC insurance coverage of $100,000 per Sub-Account.
Manage the accounts of several clients easily with one
Master Account:
One Master Account:
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Business checking account held in the name of your firm as the escrow agent
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Funded from Sub-Account closings and transfers
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Disbursements occur at the Master Account level by check issuance or wire
transfer
Individual Sub-Accounts:
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Sub-Accounts are titled in the names, tax identification numbers and addresses
of your clients for which the escrowed funds are held
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Interest bearing or non-interest bearing accounts available (IRS W9 forms
signed by your clients are required for interest bearing accounts.)
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Sub-Accounts are attached to the Master Account for easy withdrawals and
account closings
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