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Business and legal transactions often require special bank accounts and services. United Bank can help you here, too.
Upon completion of the application form, please scan and email it to business-loan@unitedbankofphiladelphia.com, bring it to a local branch office, or call (215)351-4600 for more information.
| Features | Limitations | Terms |
| Escrow Savings Account | ||
Designed for escrow fund managers with fiduciary responsibility for their clients funds |
Must deposit $100 to open this account Must maintain a minimum daily balance of $150 to obtain the disclosed annual percentage yield Withdrawals are not permitted without the authorization of the account manager |
Interest rate determined by Bank Interest rate and annual percentage yield may change Interest begins to accrue on the business day of the deposit Interest is compounded daily and credited monthly |
| Estate Checking | ||
Designed for customers who serve as administrator or executor of a decedent’s estate |
Must deposit $500 to open this account |
Must maintain a minimum daily balance of $500 to avoid a monthly service charge of $10 |
| Interest on Lawyers Trust Accounts (IOLTA) | ||
Ideal for sole proprietors, law firms or partnerships Account developed to help defray legal costs for low-income individuals Offset monthly fees with earnings credits on the collected balance |
Interest earned on the account is transferred monthly to the Bar Association Must maintain a minimum balance of $1,500 to obtain the disclosed annual percentage yield |
$25 monthly maintenance fee 0.15 per local check deposit 0.20 per foreign check deposited 0.25 per deposit ticket 0.20 per check paid Interest rate determined by the Bank. Interest rate and annual percentage yield may change |