1031 Exchange Facilitators
We understand that real estate professionals require sophisticated cash management tools and regular, thorough reporting to successfully manage their business. Our skilled customer service staff and state of the art web-based products provide creative solutions to meet the needs of the real estate industry. You can rely on our experienced team of banking professionals to provide an on-going analysis of your operations with recommendations for ways to optimize cash flow and return.
Why Puget Sound Bank?
- Our customer service group provides highly responsive service with superior attention to detail
- We offer a consultative approach to providing solutions to client banking needs
- Our web-based tools are sophisticated and easy to use
- Our array of deposit accounts provide competitive yields and maximum flexibility
You need Puget Sound Bank Solution
A Master Account
- Consolidated analysis statement
- All accounts combined on analysis to maximize balances available to offset monthly service charges
- Receive statements for multiple accounts in a single envelope
On-line Services
- View images of paid items (front and back)
- View real time internal transfer reporting and current day cash position
- Access 3 months of bank statements on-line
- Initiate stop payments
- Initiate wire transfers on-line or by fax or toll free phone
- Email alerts for incoming ACH credits/debits
Record Keeping
- Consolidated year-end tax statement
- 1099 interest statements
Fast Reliable Wire Notification
- Free incoming wire notification on-line, by fax or phone
- Free outgoing wire confirmation on-line, by fax or phone
To Open Accounts
- New Account Worksheet on-line, via fax or toll free access to dedicated customer service rep
- Competitive rates on tiered interest bearing accounts and certificates of deposit
Collection Services
- Image Direct (remote capture) – Scan and electronically transmit deposits from your desktop until 7 pm for same day credit.
- Courier Services allow you to receive same-day credit on deposits received prior to 5 pm
- Opening account wire transfers until 4 pm daily for deposit directly to individual trust accounts
Disbursement Services
- ACH Origination
- Zero Balance Accounts
Steve Vincent SVP, Relationship Manager, 1031 Exchange Facilitators Specialist