Escrow Management
Comprehensive escrow services for business transactions.
Manage multiple business escrow accounts through a single, master holding account and save time associated with management and reporting.
Comprehensive escrow services for business transactions.
Manage multiple business escrow accounts through a single, master holding account and save time associated with management and reporting.
Choosing FNB for your escrow sub-accounting can give your organization a competitive advantage. Say goodbye to the time-consuming management of individual escrow accounts.
At FNB, our experienced team of Treasury Management professionals are here to eliminate the administrative hassles of managing an escrow bank account. Our online escrow services eliminate the need to maintain separate accounts for each client and make escrow deposits and disbursements fast, simple and efficient.
Streamline your operations with one simple and reliable online system that prepares year-end 1099 forms and mails them directly to an unlimited number of sub-account holders. Just maintain a master (holding) account and a separate business checking account for deposits and disbursements.
Our Escrow Management system delivers effortless reconcilement of your clients’ escrow sub-accounts in the bank. You maintain a master escrow business account and a separate business checking account for funds deposit and disbursement. Use the self-service features in our secure online platform to open, fund, manage or close the sub-accounts you need, 24/7.
You will receive consolidated monthly electronic statements summarizing activity in your master (holding) account and detailed activity reporting of every escrow transaction for each sub-account. At the end of the year, you will automatically receive electronic reporting prepared for you and 1099s will be mailed to each sub-account holder.
With FNB as your partner, you’ll have state-of-the-art technology to make managing your commercial escrow accounts more streamlined and convenient than ever before.
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