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Attention Personal Online Banking Clients

 

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Trust & Rent Security Accounts

Escrow has never been easier. Manage all of your escrow accounts in one place.

Escrow has never been easier. Manage all of your escrow accounts in one place.

As a New Jersey/New York state-approved depository, Kearny Bank has a variety of account structures suitable for managing your clients’ escrow funds.

Keep funds separate from other business accounts while still benefiting from a comprehensive monthly statement. Link master accounts to multiple sub-accounts with the ability to make check disbursements and prepare separate 1099 INT Tax forms for each sub-account holder.

All of our trust accounts include:

  • Linked master escrow account and interest-bearing savings sub-accounts
  • Interest is credited at our current statement savings rate
  • 1099 INT tax reporting
  • Remote Deposit Capture
  • Comprehensive detailed monthly statement

Making them perfect for:

  • Attorney Escrow
  • IOLTA/IOLA Accounts
  • Realtors/Title Companies Escrow
  • Pre-paid Funerals
  • Nursing Homes/Assisted Living
  • Rent Security Accounts

Contact Us

Contact a Kearny Bank client service representative today to discuss how you can take advantage of these services.

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