Escrow Manager
Revere Bank's Escrow Manager allows your business to manage escrow accounts efficiently and easily. Escrow Manager is designed for organizations, businesses or individuals who serve as escrow agents, such as real estate and title companies, attorneys, accountants, property managers, and funeral home directors.
By using one Master Account linked to multiple sub-accounts, this account features:
- • One consolidated statement each month, broken down by account.
- • A competitive rate, tied to a Revere Bank Business Money Market account.
- • No monthly maintenance fee and no per-item-charges.
- • Easy access to the master account for check writing (disbursement) purposes.
- • Time savings-simplified recordkeeping, tracking and tax reporting.
- • Interest directed to each sub-account.
- • Consecutively numbered sub-accounts.
Contact a Revere Bank Financial Services Associate at (240) 264-5440 to learn more about Escrow Manager or open an account today.