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Special Services

Attorney Escrow Management Accounts

  • No monthly service charges
  • All record keeping and tax recording handled
  • Monthly detailed statements for sub-accounts
  • Simple interest
  • Balance inquiries and transfers may be made online or via telephone
  • Saves attorneys from repeated trips to the bank

Tenant Security Accounts

  • No per item or monthly maintenance fees
  • No minimum balance to earn interest
  • Deposits maintained in individual sub-accounts
  • Quarterly reports available
  • Master Account Statements available monthly in paper and electronic formats
  • Option to automatically remit management fee to landlord
  • Will not reduce principal
  • Eliminates bookkeeping burden for landlord

 IOLA Accounts

  • Interest compounded daily
  • New interest payments made to IOLA Fund in Albany for distribution
  • Monthly statement with IOLA payment details
  • Interest earned for full term of deposit on the funds
  • Automatic remittal of funds to government agencies

MONEY MARKET ACCOUNT .65% ANNUAL PERCENTAGE YIELD Click to Learn More

Helping Westhab Build a Better Community
From Left to Right: John Tolomer, Richard Nightingale, Frank Pastichack

“As a non-profit, finding a partner that takes the time to listen … and truly understand our financial needs is key. That’s why we chose The Westchester Bank.”

John Tolomer, President & CEO, The Westchester Bank 
Richard Nightingale, President and CEO, Westhab, Inc. 
Frank Pastichack, VP-Commercial Lending, The Westchester Bank.