About New Omni Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
Our Company
SPECIALTY DEPOSITS
Specialty Deposit Accounts for the Funds You Manage
When you manage funds for others, organized balances, clear payment records, and responsive banking support matter. New Omni Bank offers specialty deposit solutions for 1031 exchange intermediaries, title and escrow companies, property managers, attorneys, and fiduciaries.
We serve organizations nationwide, pairing specialty deposit accounts with a dedicated relationship manager and responsive support.
Who We Serve
1031 Exchange Intermediaries
Manage 1031 exchange accounts with banking support for qualified intermediaries. Keep funds organized by exchange and coordinate banking requests around your transaction deadlines.
- Keep exchanges organized: Maintain a clear view of the funds associated with each exchange.
- Monitor incoming funds: Receive incoming wire notifications to help coordinate your next step.
- Coordinate disbursements: Work with a dedicated banking contact on time-sensitive requests.
Title & Escrow Companies
Manage funds across open transactions with accounts and banking tools that support your closing workflow. Keep balances organized and stay informed as funds arrive and payments move.
- Keep transaction records clear: Track funds associated with individual files or closings.
- Monitor wire receipts: Receive incoming wire notifications to support closing coordination.
- Control payments: Assign user permissions and approval controls to match your team’s responsibilities.
Property Management
Manage tenant, owner, and association funds with accounts that keep balances organized and records clear. We work with property management companies, landlords, and community association managers, whether you oversee one property or many.
- Organize funds by purpose: Distinguish balances for operating needs, security deposits, and reserves.
- Manage multiple properties or associations: Track balances and activity by property, owner, or community.
- Support owner and board reporting: Access detailed statements and reports to help explain how funds are held and used.
Fiduciary Bank Accounts
Managing funds on behalf of others calls for appropriate account structure, documentation, and clear records. We work with fiduciaries to understand their roles and identify account arrangements suited to their needs.
- Establish appropriate account titling: Reflect the capacity in which you hold and manage funds.
- Track funds clearly: Maintain clear records of balances and activity by beneficiary or case.
- Account opening support: Contact our team to discuss account opening requirements.
Attorney Trust & IOLTA Accounts
Hold client funds in trust with accounts structured for attorneys and law firms. With an IOLTA (Interest on Lawyers’ Trust Accounts) account, interest is remitted to your state’s IOLTA program, helping fund civil legal services for low-income and vulnerable residents.
- Separate client funds: Keep trust funds apart from firm operating accounts.
- Track funds by client or matter: Maintain clear balance and transaction records to support reconciliation.
- Reduce unauthorized payment risk: Check Positive Pay and ACH fraud prevention tools help protect trust funds.
Choose How Your Balances Work
Specialty Interest Checking
Earn interest on eligible balances while maintaining access to funds for payments and disbursements.
Specialty Analyzed Checking
Earn credits on eligible balances, based on an earnings credit rate (ECR), that can help offset eligible banking service fees.
Not sure which option fits?
We’ll help you compare options based on your balances, transaction activity, and service needs.
Features & Benefits
Organized Account Management
Keep a clear view of funds by client, property, transaction, or beneficiary, with account arrangements suited to your business.
Interest and Earnings Credit Options
Earn interest on eligible balances, or earn credits calculated using an earnings credit rate (ECR) to help offset eligible banking service fees.
Payment Controls and Fraud Prevention
Assign user permissions and approval controls to match your team’s responsibilities. Check Positive Pay and ACH fraud prevention tools help reduce unauthorized payment risk.
Payments and Transaction Alerts
Send wires, make ACH payments, transfer funds between accounts, deposit checks by mobile device, and use Bill Pay. Incoming wire notifications help you track receipts and coordinate your next step.
Detailed Reporting and Statements
Access detailed statements and reports to reconcile balances, monitor activity, and support reporting to boards, clients, or beneficiaries.
Expanded Deposit Insurance Options
Explore options for expanded FDIC insurance coverage on eligible large balances, subject to program terms.
Talk to Our Specialty Deposits Team
Whether you’re reviewing your current banking arrangements or preparing for new business, talk with us about how you hold, manage, and move funds.
Nathan Gwozdz
Account availability is subject to eligibility, required documentation, and bank approval. Rates, fees, balance requirements, and service availability vary by account and are subject to applicable terms. Fees may reduce earnings. Earnings credits represent the value of eligible balances available to support services, calculated at the stated Earnings Credit Rate and may be used to offset eligible service charges.
New Omni Bank does not provide legal or tax advice. Consult your legal or tax advisor regarding your exchange, escrow, property management, client trust, or fiduciary arrangements.
