We understand the demands of your profession and have created the Leader Bank Escrow Manager Account which will allow you to more efficiently manage tenant and client funds accounts.
The Escrow Manager Accounts make it easy to open, maintain, and close separate accounts. There are no monthly service charges and a client account may be opened with as little as $5,000.
We look forward to working with you to help meet the needs of your business as well as your clients!
Escrow Manager Business Checking
Consolidate funding and disbursement of escrow funds through a single no-fee business bank account. Use Leader EasyDeposit remote capture to make deposits right from your office.
Rely on a single monthly statement that details and summarizes account information for all of your linked escrow accounts. Add as many subsidiary escrow accounts as you need, without limits.
|Streamlined Funding & Disbursement
Once the Escrow Master Business Checking is established, new subsidiary escrow accounts can be opened with a single, one page form. When it’s time to disburse, subsidiary escrow accounts can be closed by phone, fax, or email.
|Year End Tax Reporting
Our deposit specialists ensure that any interest earned on client funds is reported on their end of year 1099-INTs which are mailed directly to them.
Remote Account Management
Working with your dedicated branch support team, you will be able to manage many escrow deposits without the need for time-consuming trips to the bank or the worry of using multiple checkbooks. Use our advanced online banking to view your accounts anytime, anywhere. Add multiple users at no extra cost with customizable access levels for partners, clerks, and bookkeepers.