Product Overview
Settlement Services
Esquire is the “Bank of Choice” for settlement account programs related to mass tort and class action settlements. Our dedicated Team has decades of banking experience and assists our clients in all phases of the settlement process to fulfill their fiduciary responsibilities.
Qualified Settlement Fund Banking
We have extensive experience in establishing and managing Qualified Settlement Fund Accounts and have developed a suite of solutions, including a QSF loan product.
Understanding the important principles of capital preservation and the Trustee’s fiduciary responsibilities is key to our successful program.
Features
Clear understanding of the master settlement agreement (MSA) and related confidentiality and nondisclosure elements of the MSA
Customized QSF account applications & investment agreements
In-depth understanding of blocked account agreements and related release documents
Positive pay services to help protect your firm against fraud
Remote deposit capture services
24/7 Customer service
Access to a suite of cash management services and fraud prevention tools
Class Action Settlements
At Esquire Bank, you’ll find the cash management solutions you need to manage class action claims, delivered by a dedicated and experienced team that streamlines the account opening process to make it fast, simple and cost-efficient.
Features
Access to our positive pay fraud prevention tool
Anytime, anywhere, account access with online and mobile banking
Competitive relationship pricing model that leverages balances to substantially offset or eliminate fees
Streamlined account opening process with minimal documentation
Responsive and accessible client support
Access to a suite of cash management services and fraud prevention tools
