Escrow Account | HSBC Business Direct

 
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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.

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

Types of accounts
  • Attorney/Special Escrow Accounts
  • Interest on Lawyers Account/Interest on Lawyers Trust Account
  • 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
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1 Customer service hours of operation are 6:00AM ET to 12:00AM ET.

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.

HSBC Business Direct is a trademark of HSBC Bank plc used under license by HSBC Bank USA, N.A.

MasterCard® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.

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 Service1 at
877.472.2249

TTY/TTD:
800.898.5999

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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)