Special Purpose / Escrow Account
A Special Purpose Account, also known as the Escrow Account, is a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
With a Special Purpose Account you can set aside a little money each payday or whenever you wish and save yourself the worry of coming up with a large sum of money at one time.
Save Overdraft Privilege!
Committees in both the Senate and the House of Representatives are considering legislation that would dramatically impact how overdraft programs for checking accounts are processed and set limits on usage and fees.
