Client Escrow Account
The Client Escrow Account is designed for attorneys, realtors, property managers, or other professionals who use escrow accounts to manage their clients' funds. This account provides an organized and simplified approach to banking.
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- Summary
- A master checking account with an unlimited number of sub-accounts that can earn interest
- No fees for client sub-accounts
- Detailed monthly statement shows both master account activity and client account summaries
- Convenient interest reporting for each client, using client tax identification number
- Tax information for sub-accounts can be reported directly to clients
