ZEscrow and ZRent
Save Time and Money on Escrow and Rent Management
ZEscrow: The future of escrow and sub accounting.
With secure online access, your organization can virtually manage all escrow and sub accounting tasks without touching another paper tax form or calling the bank for assistance. The platform works seamlessly with MidFirst Bank’s systems, so you can rest assured that all sub account activity is reconciled to your business deposit account.
ZEscrow is ideal for companies holding funds on behalf of clients, including:
- Property Managers and Landlords
- Municipalities/Government Entities
- Attorneys/Law Firms
- Title and Real Estate Offices
- 1031 Exchanges
- Nonprofits
ZEscrow Benefits:
- Fast – Monitor and manage your escrow and sub accounts online at any time
- Efficient – No more phone calls to check balances or make changes
- Compliant – Regulatory compliance is built in, including W-9s and other tax paperwork
- Flexible – Our platform excels at unusual and complex workflows
How ZEscrow Works
- Establish a MidFirst business checking account as the Master Account to conduct all transactions, and an Escrow Holding Account to hold all escrow funds that reconcile to individual sub accounts
- Establish sub accounts 24/7 with instant availability to transact directly in the ZEscrow platform
- 1099s generated annually and mailed to sub account holders on behalf of company
To enroll in ZEscrow, contact a Treasury Management Sales Officer or call 877.709.7326.
ZRent: Make rent collection effortless.
Take the hassle out of rent day for everyone! Automate rent payments transferred from each tenant’s account directly to the landlord’s account. Free for business bank deposit customers!
ZRent Benefits:
- Fast payments
- Access anytime, anywhere
- No more checks lost in the mail
- Consolidated monthly report
How ZRent Works
- Add Properties: Input property addresses from which you will be collecting rent
- Invite Tenants: Submit your tenants’ email addresses, and they will receive an email to join ZRent
- Collect Payments: ZRent will automatically collect rent payments every month and credit your business deposit account