Escrow Services

Rent security deposits, escrow funds and more can be a lot to keep track of. Columbia Bank’s MasterTrust account helps keep you organized. Take advantage of:

• Calculated interest splits
• Rent security escrow with interest checks and 1099s mailed to tenants
• Monthly trial balances available upon request
• Choice of separate statements for each account or one, consolidated statement

With a Columbia Bank IOLTA account, we’ll partner with you and the state of New Jersey to keep funds organized and ensure you comply with IOLTA requirements.

• The Bank handles administrative and reporting necessities
• We remit interest (net of service charges) to the state monthly
• Available as a standalone account, or unlimited accounts linked to a MasterTrust

Our complimentary Digital Escrow Services are perfect for landlords, attorneys, or any business managing sub-accounts.

• Effortlessly track, fund, and manage your escrow and security accounts
• Leverage pre-built workflows to gather documentation, open new accounts, and handle other matters directly through your business online or mobile banking profile
• Our teams will work to smoothly onboard existing or new accounts