Escrow Fee

Setting up a service account is free. The Service Agreement term is month to month..

After a Service Agreement is established, the fees are as follows:


1.
Tripartite Escrow Agreement - escrow fee is 1 1/2% of the total contract amount.

 

2. Performance and Payment Bonds - for both the bond and escrow fees combined the entire cost is *3% to 4% of the total contract amount.

 

Other fees

Wire transfers are $30.00 for each Payment Authorization Form.

Cashier's checks are FREE for each Payment Authorization Form.

Redrafting services for each change or addition to an escrow agreement is $7.00.

* Additional information and conditions for bonding are required, and issuance of the bonds is subject to normal underwriting requirements at the time of the bond request.

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