Escrow is a way of transferring or exchanging property or money using a neutral third party. Escrows are established to hold original documents, real estate deeds, titles to property, money, or securities until conditions are fulfilled and the items are released.
An escrow is beneficial to both parties as an independent third party will be holding the documents, processing all regular payments, maintaining an accounting of all transactions, and providing the required reporting.
First Interstate Bank offers a wide variety of escrow services to meet our customers' needs.
Escrow can be effective in:
Advantages of Opening an Escrow Account at First Interstate Bank