The Escrow Management Accounting Services is reliable, efficient, and easy to use way to manage your escrow accounts. It is ideally suited for legal, real estate, tax and other escrow funds. - Reduce burden on your staff
No longer will your staff have to perform all of the time-consuming chores—with multiple accounts, signature cards, agreements, and tax forms—associated with managing escrow funds manually.
- Accurately track and control accounts
Provident Bank provides comprehensive monthly statements, showing beginning and ending balances, deposits, withdrawals, and interest credited.
- Maximize value
All balances earn interest until the day they are moved to a disbursement account.
- Be safe
The Escrow Management Account meets all legal requirements of the IRS, Federal and State authorities, and is consistent with sound accounting procedures. Each subaccount is FDIC insured to $100,000.
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