The last few decades are littered with companies that have leveraged the internet and other modern technologies to disrupt traditional business services, and business escrow is no different. With the arrival of advanced financial technology, otherwise known as fintech, a new type of escrow agent has emerged that adds simplicity and the most competitive return to the safety you already expect from an escrow account.
Since the onset of the COVID-19 pandemic, the need for business escrow has only increased. Many industries that were heavily impacted by the shutdowns turned to business escrow to protect their investments. Now that the virus numbers are falling in the U.S., these businesses are continuing to utilize escrow to reduce transactional risk as the economy returns to normal. So, what are the key benefits a business escrow agent should offer in 2021?
In 2021, your business escrow account should offer the highest level of safety.
Your escrow agent should have access to multiple options for protecting your cash while it waits to be deployed. Whether you are making a major investment, acquiring a competitor, or restocking your inventory, there has never been a more valuable time to protect your investments.
The most robust protection available for your business cash is FDIC insurance. This is because the FDIC is backed by the full faith and credit of the U.S. Government, but in many cases, the $250k limit is not enough. Our company, the American Deposit Management Co. [ADM], has solved this problem using fintech.
ADM has developed a proprietary network of community banks that allows us to distribute exceptionally large sums of business cash in such a way that every penny is protected by FDIC insurance. This gives you the MOST protection available for your escrow cash.
In 2021, your business escrow account should offer the most competitive return.
While your business cash is locked away in escrow, it should be working for you. However, earning a competitive rate while ensuring 100% protection for large sums of business cash has traditionally been a complex task. Fortunately for the business community, those days of sacrificing return for safety are over.
By leveraging proprietary fintech and a robust network of hundreds of community banks, ADM allows businesses to achieve the MOST competitive return on their escrow cash. This is because their banks compete for your escrow cash. In addition, ADM can often customize your insurance offering to achieve even better returns. With interest rates hovering near historic lows, it’s never been more important to work for the most competitive return on your escrow cash, and ADM makes this process simple.
In 2021, your business escrow agent should provide a suite of top-notch services.
Choosing the right escrow agent is more than finding 100% safety and a competitive return. Your business needs a reliable partner that can provide valuable insights and consult on your overall cash management needs. You also need a team that you can trust.
At ADM, our team is our secret sauce, and you will understand that when you work with us. Our professionals enjoy serving our clients’ cash management needs in every way we can. So, in addition to escrow, we offer our clients several other valuable services like Marketplace Banking™, Bond Proceed Management and much more. Our comprehensive suite of cash management services provides businesses and government entities with the MOST safety and the MOST return available for all their cash.
Earn More, Risk Less® with Business Escrow by ADM
If you are a part of a business or government entity, and you are looking for escrow services or other cash management solutions, contact the ADM team. You can easily chat with one of our agents using the box at the bottom of your screen, or simply give us a call. We do not operate a call center, and if we are not available, we will always return your messages. To stay abreast of interest rate changes, banking industry insights, and other valuable financial information, be sure to check out our Insights page and follow us on LinkedIn, Twitter, and Facebook.