Skip to main content
Show Full Navigation
Site Navigation

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

More information and Schedule of Fees for TWB’s Services - 143 kb pdf will open in a new window

MONEY MARKET ACCOUNT 1.00% ANNUAL PERCENTAGE YIELD Click to Learn More

We'll help move your business to the next level!
From Left to Right: Frank Weber, John Tolomer

"When it was time to expand, The Westchester Bank was there for us. I have complete trust the Bank will deliver the  best solutions for a company on the move like us!"

Frank Weber, CEO Collins Brothers Moving Corp.

John Tolomer, President & CEO, The Westchester Bank 

 


Latest News

The Westchester Bank Receives Top 10 Honors as a "2018 Best Companies to Work for in New York State"

Published 06/05/2018

The Westchester Bank has recently been honored as a 2018 Best Companies to Work for in New York State. This is the second consecutive year the Bank has been so recognized. It is also their first time as a “Top 10” Best Company in the small-sized employer category (ranking #9).

more»