NEW YORK - Citibank said its CitiEscrow product, previously available only through the private bank, is now available to all law firms through the bank's branches.
CitiEscrow is a customized escrow management account that links one master, or control, account to an unlimited number of client accounts.
CitiEscrow is the first Citibank product to allow attorneys access to escrow accounts, 24 hours a day, seven days a week, via personal computer, through Citibank branches or by telephone.
The bank said that CitiEscrow has been available to large law firms through the private bank's Legal USA unit for the last 10 years.
Now, smaller firms will be offered the product through their regular Citibank branch, while larger firms will continue to be served through the private bank.