Grow your bank’s commercial portfolio using ZEscrow.
Manage complex deposit flows for your clients on a modern, headache-free platform.
Specialization is the key to winning over high-value commercial clients. They don’t want to feel forced to manage their money in clunky or overly complex ways. If you can offer specialized support, you will create partnerships that last for decades and generate huge value for your balance sheet.
ZEscrow is a digital escrow and subaccounting tool that can easily reconfigure for a wide range of businesses and use cases. It reduces the paperwork and compliance burden that banks shoulder in certain regulatory environments. Once your commercial banking or treasury team understands the capabilities of ZEscrow they can target niche commercial verticals with confidence.
Here are some of the industries and businesses that value ZEscrow:
Keeping tenant security deposits separate from the main operating account can be notoriously difficult, especially if you need to pay interest on that money. ZEscrow makes it easy for bank staff, landlords, and property managers to handle security, cleaning, pet and other deposits in a secure, compliant way.
To learn more about the value ZEscrow brings to property managers, read more on our property managers' page.
There are many types of transactions that require attorney involvement, including case settlements, real-estate closings, IOLTAs, 1031 exchanges, and more. ZEscrow helps the relevant parties to monitor and manage the funds 24/7.
The healthcare industry is heavily regulated and comprises many different entities that handle patient funds, claims, or other regulated deposit transactions. They’re looking for a banking partner that can offer secure, compliant, convenient management of funds.
Aside from the complex subaccounting needs for large municipal budgets, they also need to manage surety bonds, utility deposits, developer transactions, government housing, bond proceeds, cemetery plots, and trustee funds.
To learn more about the value ZEscrow brings to municipal banking, read more on our municipalities page.
Whether it’s closings or property management, title companies and real estate brokerages will be grateful for a simpler way to organize the deposits and keep everything compliant.
Holding tens or millions of dollars in earmarked funds, designated funds, and special purpose funds is a delicate job. Your institution can provide transparency, security, and easy access for these types of organizations.
Many utility providers require prepayment and security deposits. They’re looking for a banking partner that can keep all those funds separate and easy to access.
The process of buying or selling aircraft or watercraft can involve multiple parties and government entities. All of them need transparency into the transaction and surety for the movement of funds.
Often these services are paid for ahead of time and the funds must be kept separate for long periods of time. These businesses are looking for ways to simplify their paperwork load and keep everything compliant.
With the right tools, you can become an indispensable partner.
Many different organizations are looking for a banking partner that can help them eliminate unnecessary paperwork and comply with the applicable regulations around different deposit types. ZEscrow is a fully configurable escrow and subaccounting platform that already contains workflows for many regulations and business scenarios.
When your commercial banking or treasury team goes into the marketplace to build new partnerships, they can offer a solution that dramatically reduces the paperwork, labor, and compliance burden on everyone involved, from your back-office to the beneficiary.
Not sure if ZEscrow is right for your business?
Even though we include the word “escrow” in the product name, the capability of the tool goes beyond escrow. If you’re looking for a solution to help many complex deposit arrangements with multiple beneficiaries or involved parties, there’s a high chance that ZEscrow can do what you’re looking for.
Just to be totally sure – we’re not in the business of overpromising – we’d like to set up a discovery call where we can learn about your bank or business’ needs. If we can’t provide what you’re looking for, we’ll do our best to refer you to a partner who can.