Attorney Escrow Management Account
Clients and attorneys benefit from our user-friendly Attorney Escrow Management account. It features a master account for primary disbursement, which is linked to individual, interest bearing subaccounts for each client. In this ideal setup, the client’s funds earn interest, while this service fully automates recordkeeping and reporting for attorneys.
Enjoy the following benefits of this account:
- Reduced recordkeeping time
- Competitive rate of return on clients’ escrow funds
- Free transfers between master checking account and client subaccounts
- Combined monthly statement
- 1099 reporting on each client subaccount