Service-driven and state-of-the-art.
Simple to initiate and manage, our service-driven escrow solution is a reliable, comprehensive way to maintain and track funds on behalf of your clients. With a Sterling National Bank Escrow Account you can:
- Structure the account to meet your business needs and legal requirements. We’ll set up one master account with an unlimited number of separate client accounts. Need to add another client account? Just speak to a professional at your local Sterling National Bank Financial Center: we’ll open the account with new funds in minutes.
- Easily track all your accounts with a combined detailed monthly statement.
- Manage your accounts and transfer funds, anytime with our FREE Business Internet Banking system. As funds are needed to make payments, simply transfer the money from the client account to the master escrow account and write a check. It’s that simple.
- Eliminate added paperwork come tax time. We prepare and mail a 1099 for each client account so you don’t have to.
Visit your local Sterling National Bank Financial Center to find out more or open your account.