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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

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

Customer Care Is Our Top Priority Too!
From Left to Right: John Tolomer, Linda Mosiello.

“We have special needs that The Westchester Bank understands. They’re always friendly and work hard to achieve our goals. Helping us help children is what community is all about.”

John Tolomer, President & CEO, The Westchester Bank 
Linda Mosiello, Executive Director, Sunshine Children’s Home & Rehab Center


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).

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