Many industries can benefit from the ability to establish sub accounts relationships on behalf of their clients. These include: Attorneys [Trust, IOLA, IOLTA], Landlords, Property Managers, 1031 QI, Funeral, Healthcare, Government and various General businesses.
With Investors YourStyle Online Escrow application, customers have quick access to their Master and sub accounts. Clients can make deposits directly into their Master accounts via Remote Deposit Capture, branch deposit, wire and ACH, then allocate funds to individual sub-accounts. When closing an account, the system automatically calculates the closing amount and interest (if interest-bearing) and posts the funds into the Master account, allowing customers to quickly disburse funds.
Control – Customers can establish different permission levels for their staff such as allowing an employee to open and close sub accounts, but granting control to another employee to move funds. Multi-level access with dual authorization can add security and accounting controls with a complete audit trail.