Escrow Services

With Escrow Services, you may combine an unlimited number of individual escrow sub-accounts into a single master account.

Sovereign will maintain separate account records for each sub-account, and provide you with a clear and comprehensive consolidated statement each month.

By using this service, you will no longer need to keep track of individual accounts or 1099 forms.

Features

• Consolidated statement
• Reduced paperwork
• 1099 forms prepared by Sovereign Bank
• Easy withdrawal from individual sub-accounts
• Interest-bearing accounts that pay competitive interest rates