Bank Utilizes ZEscrow for 1031 Exchange Growth

This document is a case study detailing how a $4 billion private bank has partnered with ZSuite Tech to enhance its deposit acquisition strategy through the use of the ZEscrow platform. The bank, which focuses on commercial banking, identified 1031 exchanges as a key area for growth. The ZEscrow platform offers various features tailored for managing three-party accounts, including online account management, secure access, and document depository services. The case study outlines the bank's objectives to improve efficiency and streamline the deposit process for 1031 exchanges. It also highlights a specific instance where the bank successfully onboarded 27 accounts with over $10 million in deposits in less than two months, showcasing the positive impact of the ZEscrow system on their operations. The feedback from a customer emphasizes the user-friendly interface and the convenience of executing closing wire transfers directly within the platform, further illustrating the benefits of this partnership.