Digital SubAccounting Service
Secure escrow and subaccounting management for your business
Here are just a few of the reasons why First Horizon’s Digital SubAccounting Service is the go-to choice for you:
Self-Service Subaccounts
You control when and how you open, manage and close subaccounts. No waiting on approvals or outside assistance means you can respond to your business needs in real time and keep operations moving.
Funds Allocation
Your intra-day transactions settle through the master clearing account, so you can conveniently allocate funds to subaccounts. This means accurate beneficiary tracking and faster access to the information you need to manage your accounts.
Flexible Interest Management
You decide how interest works for your accounts. Keep it at the holding account level, allocate it to individual subaccounts, or split it however makes sense for your business. The flexibility helps you structure accounts to meet your specific requirements.
Beneficiary Access
Grant beneficiaries secure online access to view their subaccount balances, statements and transactions. This reduces your administrative burden while giving beneficiaries the transparency they expect.
1099 Tax Reporting
Automated reporting handles all interest-generating accounts, so you spend less time on manual reporting. This supports your compliance needs and reduces the risk of errors.
Single Sign-On (SSO)
Access your subaccounting services through the same secure login you use for other First Horizon services. One login means less time managing passwords and faster access to your accounts.
