Escrow Services
A neutral hand to hold the money until the deal is done
When trust matters, our escrow team holds funds for both sides and releases them only when agreed conditions are met.
When to use escrow
Protection for buyers and sellers
Real estate
Earnest money, owner-financed sales, and land purchases.
Business sales
Hold purchase funds until inventory, titles, and licenses transfer.
Private deals
Livestock, equipment, vehicles, and high-value goods between individuals.
Contract holdbacks
Construction draws and holdbacks until work is inspected.
Online escrow
How escrow works in online banking
Every step is recorded in the transaction ledger and the audit log, so there is always a clear record of who did what and when.
- Step 1
Fund
Open an escrow from your dashboard. Choose the funding account, amount, and the other party. Funds leave your available balance and are held by the bank.
- Step 2
Conditions
Write out the release conditions, such as "deed recorded" or "equipment delivered and inspected." Both parties see the same terms.
- Step 3
Held safely
Neither side can touch the money while conditions are pending. Your escrow shows as Funded on your dashboard.
- Step 4
Release or refund
A licensed escrow officer (in this demo, a relationship manager) confirms conditions and releases funds, or cancels and refunds you.
Why Menard
Local escrow officers who read every word
- Escrow number and status visible in your dashboard
- Funds held separately from your spending balance
- Written release conditions agreed up front
- Refund to your account if a deal falls through
- Mortgage escrow for taxes and insurance available too
Questions
Escrow FAQ
What does escrow cost?+
Our fictional schedule is a flat $150 per escrow under $50,000. See the fee schedule for details. No fees are charged in this demo.
Who decides when funds are released?+
An escrow officer confirms that the written conditions are met before releasing funds.
Can I cancel an escrow?+
Contact your relationship manager. If the other party agrees or conditions cannot be met, the funds are refunded to your account.
Is this a licensed escrow agent?+
No. Menard Community Demo Bank is a fictional capstone project. Real escrow agents in Texas are licensed and regulated.
Ready to open an escrow?
Sign in to online banking and choose Escrow from the menu.