Escrow Account | Business Accounts | HSBC Business Banking

 

Business accounts

Escrow Accounts

HSBC offers a variety of escrow solutions to help you manage your clients' funds. And we take care of the bookkeeping, reporting and remittance of interest to your account.

Woman reading a notebook | HSBC Escrow Accounts

Choose the safe, simple and convenient option for your escrow needs

Types of accounts
  • Attorney/Special Escrow Accounts
  • Interest on Lawyers Accounts (IOLA)/Interest on Lawyers Trust Accounts (IOLTA)
  • Rent Security
Easy to maintain
  • No minimum balance
  • Reduced account reconciliation time
  • A single combined monthly statement for all your accounts
  • Simple funds transfer and check writing
Painless recordkeeping
  • Simplified tax compliance and reporting
  • Help in complying with state escrow fund transaction requirements
  • Automatically generated IRS form 1099-INT

Learn more about an HSBC Escrow Account.

Contact us

United States persons (including entities) may be subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non–U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.

1 Customer service hours of operation are 6:00AM ET to 12:00AM ET.

Deposit products offered in the United States by HSBC Bank USA, N.A. Member FDIC.

Get started

Learn more about an HSBC Escrow Account

Contact us

Or call our dedicated Business Banking Customer Service Team1 at
877.472.2249

TTY/TTD:
800.898.5999

Real-time account access

Business account advice

Have a question?

Call our dedicated Business Customer Service Center at
877.472.2249

We're here from 6:00AM to 12:00AM ET

TTY/TTD: 800.898.5999
Mon - Fri (6am to 10:30pm ET)
Sat & Sun (7am to 10:30pm ET)

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