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.
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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