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Saving Time and Money with Escrow Services

First National's made transactions easier for more than 70 years

At First National Bank Alaska, we're always looking for ways to make things easier for our customers. Our escrow services are a prime example.

We offer escrow accounts, collections and other services that make it easier for individuals and businesses to transfer money to another party. An escrow account can help facilitate almost any type of transaction, including owner-financed real estate sales, installment sales of personal property, sales on credit of businesses or business property, divorce settlements and even loans between family members.

Just think of how convenient an escrow account could make lending your grandson or niece money for college!

Service Options to Meet Your Needs

Our escrow services can also simplify the collection of installment payments. It's a great time-saving tool for hospitals, government agencies, businesses and anyone who receives ongoing payments in exchange for goods and services. If you're a landlord or property manager, we can also collect your tenants' rent payments —leaving you free to focus on other things.

No matter which type of escrow service you need, First National can provide a customized solution.

  • Set up the terms with our team of experts. Terms really depend on whatever works for the parties involved.
  • Accept payments, track principal (and interest if there is any), deposit funds and provide an annual statement.
  • Receive reminder service to help your payers stay current with the financial agreement.
  • Accommodate any number of Payment arrangements. Payments on a one-time, monthly or seasonal basis, as well as including interest and late payment fees.

Affordable Contracts, Expertise and Top-Notch Service

Not only do we simplify the process of collecting payments, but our escrow services are designed to be very affordable. There's a $100 set-up fee, along with an annual fee based on the principal balance. The annual fee typically runs between $75 and $250. Fees are less for rental accounts.

First National has been providing escrow services in Alaska since the early 1940s. We're the only financial institution in the state to offer escrow services, and we were the first escrow provider on the West Coast to computerize our accounts. Our 90-plus-year history in Alaska speaks to the high level of competence and service you can expect from First National. We have a phenomenal escrow team that handles thousands of accounts and collections. Whether you need to sell a car or million-dollar business, our top-notch escrow services can make the process simple and easy.

For more information, visit http://www. fnbalaska.com/escrow_services.html or call 777-4362 (4FNB) or 1-800-856-4362 (communities outside Anchorage).

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The articles and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest you consult your attorney, accountant, financial or tax adviser with regard to your individual situation. Entire publication. For publication information, call (907) 777-3409.

 

FIRST NATIONAL BANK ALASKA
PO Box 100720 · Anchorage, Alaska 99510-0720
Local Phone: 907-777-4362 · Toll Free: 1-800-856-4362
customer.service@fnbalaska.com

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