escrow clients funds management account
Escrow client funds management account allows you to manage and earn interest on your client funds, open accounts for your clients and manage them having full access to each account.
Each client sub-account has its own name and number, debit card and online banking. Master (main) holder of the escrow clients funds management account has online access to all sub-aacounts and can manage their funds in the mutual interest.
One of the main advantages is that a sub-account holder does not have to provide bank references and proof of address, but gets a regular checking account with debit card.
The system is also useful to small banks and financial institutions which do not offer their own payment cards.
Escrow client funds management account can be particularly interested for:
- Financial intermediaries
- International referral and MLM programs
- Internet affiliate programs
- Online casinos
Increase the earning power of your clients funds:
- Help clients earn market-based interest on their funds
- Choose from several interest-bearing options including money market accounts, CD's, short term and long term deposits
- No monthly account fees.
Track your client funds easily:
- Assign interest participants to each client account and have full access to each account
- Receive comprehensive monthly statements that help simplify record-keeping
- Reduce the paperwork used for opening separate accounts for your clients/employees/partners/etc.
Flexible account management:
- Make deposits directly into a client account or transfer from your master account
- Make master account withdrawals by check or wire transfer
- Transfer funds between your master and client accounts, by telephone, PC, mail, or at a bank branch.
Access to your account information anytime, anywhere.