Escrow Services can help corporations maintain a clear audit trail of all individual escrow accounts.
With Escrow Services, you may combine an unlimited number of individual interest-bearing escrow sub-accounts into a single master account. This unique escrow relationship is distinct from your operating and other business accounts to help you easily distinguish client funds.
You’ll also receive a monthly Master Account statement that provides you with a clear and comprehensive consolidated listing of all linked sub-accounts.
Unlimited amount of interest-bearing sub-accounts can be linked to the Master Account
You control the disbursement of funds, since sub-accounts are closed and deposited back to the Master/Disbursement Account, which provides you with a documented paper trail of activity
A consolidated monthly Master Account statement displays all your linked client sub-accounts, making your record keeping easy to review in one neat package
Special requests may be accommodated, such as duplicate statements issued to the beneficiary
1099 reporting handled by Sovereign Escrow Services
An Escrow Services Relationship Specialist will help with all your transaction needs, including opening new sub-accounts and closing others; and the systematic support of administrative fee credits to landlords in applicable states
Access Your Accounts
Call 877.768.1145 to speak with a Business Customer Contact Center Representative