Law Firms
Efficient banking services and access to information – and people – are key to successfully managing a professional practice. Puget Sound Bank has experienced professionals dedicated to providing customized solutions to the banking needs of professional service firms and their principals including lines of credit and high yield investment options for the firm’s partners, IOLTAs and individual client trust accounts.
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
- Very competitive Earnings Credit rate
- 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 wire transfers
- Initiate stop payments
- Email alerts for incoming ACH credits/debits
- Positive Pay
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
New Accounts
- New Account Worksheet on-line or via fax
- 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 client trust accounts
Credit
- Individual loans or lines of credit to partners
- Term loans for equipment purchases or tenant improvements
- Commercial line of credit for firm
Katherine Thompson SVP, Relationship Manager, Law Firms Specialist