Interest Bearing Real Estate Trust Account

Small Business Banking

Interest Bearing Real Estate Trust Account

This account is designed for:
This is a specialized, interest-bearing checking account for Wisconsin real estate brokers who hold down payments, earnest money and other trust funds related to the conveyance of real estate. Interest must be paid to the Wisconsin Department of Commerce, Division of Housing and Community Development.
Highlights and Benefits:

	•	Personalized checks
	•	Direct Deposit available
	•	Detailed monthly statements
	•	Overdraft protection available (with credit approval)
	•	Access to your account by phone or online, day or night
	•	Check-Safekeeping available

Minimum opening deposit	$100
Monthly maintenance fee	$15
Balance required to avoid monthly maintenance fee¹	$1,000
Transaction fees per monthly cycle²	Not applicable.
Interest information³	Variable rate of interest, compounded daily and credited monthly.

How to Apply:
Visit your local Harris office.

Notes:

Your balance requirement is based on the Average Collected Balance in your account.
Click here for information on other fees.
Click here for information on how we calculate and pay interest.

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