San Antonio, TX asked in Criminal Law, Banking, Stockbroker Fraud and Real Estate Law for Texas

Q: Can I use my checking account for providing Escrow Services? If not, how can I go about it?

A Company has recruited me as an Escrow Manager, but requires me to open a checking account to provide the Escrow Services.

The Company confirms that -

1) All payments will be in my name because according to the Escrow Service Agreements signed by our clients, they are paying me as a representative of our company (please see our sample Escrow Service Agreement).

2) All related fees, expenses and taxes are included in the incoming payments; they are covered by the clients, so I pay nothing out of my pocket.

I am interested in the job and I want to ensure that it is done legally.

1 Lawyer Answer
Tammy Lyn Wincott
Tammy Lyn Wincott
Answered
  • San Antonio, TX
  • Licensed in Texas

A: I think you should be very careful as this sounds like a typical scam. Do not use your personal checking account.

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