Bucks County Bank’s Escrow Management account is an economical, convenient and time-saving product that streamlines your account opening and closing procedures allowing you to operate more efficiently.
We will open a disbursement checking account for you and a single “master” account that allows you to maintain an unlimited number of sub-accounts for each of your clients. We provide you with a comprehensive statement each month so you no longer need to keep track of individual accounts, deposit slips or 1099 forms.
Opening accounts is simple, requiring only a combined W-9 deposit slip with the customer’s signature. When you are ready to close or disburse funds for a particular client you simply call us with a pre-determined authorization code and we will transfer the funds to your disbursement account. It couldn’t be easier!
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