Escrow Services

Escrow Services

Escrow Ease - Escrow Management Account

Escrow Ease is the superior banking solution for anyone who must manage segregated funds for their clients or for specific purposes. Escrow Ease provides a simple method of segregating client funds within a single trust account while still providing you with detailed records of all activity on each individual client. Each client is an individually named and numbered sub-account within your master account. This unique client number is placed on all checks and deposit slips prepared for your account.

No minimum balance requirement
No monthly maintenance fee
Selected check styles provided free
Your accounts are organized - All clients' funds are maintained in a single trust account
Year-end tax reporting furnished on all accounts - We prepare all 1099 interest statements and IRS filings

Provides accurate record keeping and tracking
Convenient locations and free deposit pick up service available
Wire transfer requests can be handled by fax at no charge
Fax notification is provided for incoming wire transfers

For more information contact Nancy Minette at 908-630-5017 or nminette@somersethillsbank.com.

Escrow ease is ideal for the following uses:

ATTORNEYS
REALTORS
BUILDERS AND DEVELOPERS
TITLE COMPANIES
PROPERTY MANAGERS
MUNICIPALITIES/MUA'S

CHURCHES
SCHOOLS
FUNERAL HOMES
ASSISTED LIVING FACILITIES
NURSING HOMES
SURROGATE COURTS

In addition, we offer a full complement of commercial loan products and a range of banking services to help your business grow and prosper including:

Contact one of our banking representatives for more details.

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