Qualified Intermediary Banking Services

Citizens Bank has gathered its extensive resources to deliver a specialized product exclusively for Qualified Intermediaries and their 1031 Exchange clients, backed by the financial strength and historical innovation of The Royal Bank of Scotland Group plc (RBS). We take pride in providing a level of personal attention and individualized service that goes beyond the typical bank.

By taking the time to understand your business and keep abreast of legislation which impacts your industry, we have what it takes to help your exchange company prosper.

Account description		Individual qualified escrow accounts with flexibility at the direction of the Qualified Intermediary.
Investment products available		Competitive yields from professionally managed money market funds.
Account Profile		Separate qualified escrow accounts for each transaction. Flexibility to split interest with the individual account per the instruction of the Qualified Intermediary. Qualified escrow agreement executed by Qualified Intermediary, Taxpayer and Citizens Bank. Account oversight and monitoring by our Institutional Services Group. Convenient Internet access. Disbursement by wire through dual authorization of the qualified intermediary and the taxpayer. 1099-INT year end reporting.
Pricing		Relationship level pricing available only to members of the FEA. Please contact Eli Akel, V.P. Qualified Intermediary Banking Services at 1-248-226-7796 for more information.
Account access		Access the Online Service to view and print Real-Time transactions and balances for each qualified escrow account.

Site Map  |  Privacy  |  Security  |  Terms of Use
© Copyright 2008 Citizens Financial Group. All rights reserved.
Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Citizens Bank is a division of RBS Citizens, N.A. and Citizens Bank accounts and other RBS Citizens, N.A. accounts are not separately insured by the FDIC. Citizens Bank of Pennsylvania is not part of RBS Citizens, N.A.