Our Marlboro branch will begin renovations on April 1st. Find other locations here. Coming this spring, your personal online banking and mobile banking experience will be upgraded! More updates will become available soon, please visit avidiabank.com or your local branch for more info.
This service is perfect for property managers, landlords, attorneys or anyone needing to hold deposits in escrow for another party. A “master” checking account in the name of the property manager is opened and acts as the hub for individual interest bearing savings accounts which are opened for each separate deposit. Business Express Online Banking is used to facilitate the movement of funds in to and out of sub accounts. A consolidated statement including the master checking account and all escrow sub accounts is produced each month and sent to the property manager, landlord or attorney. Individual sub account statements are produced quarterly and sent to the sub account owner. All annual tax reporting and notices are handled by the bank. Automated annual interest checks are optional.
There is currently no content classified with this term.
You are about to leave avidiabank.com. Our privacy policy does not apply to the website you are about to visit. Please review the website’s Privacy Policy for further information. Do you want to proceed?
You are now leaving the Avidia Bank Website. The site you have chosen to access is independent from Avidia Bank. We do not control the site or guarantee the accuracy or completeness of the information contained therein. Privacy and security policies of the alternate web site may differ from those practiced by Avidia Bank. The products and services on this website are being offered through LPL Financial or its affiliates, which are separate entities from, and not affiliates of, Avidia Bank. Do you want to proceed?