Interest on Real Estate Bankers Trust Accounts (IOREBTA)
IOREBTA is a checking account exclusively for real estate brokers and agencies. It holds escrow funds in an interest-bearing account, with accrued interest automatically going to the Connecticut Housing Finance Authority (CHFA). There, the money is used to give down-payment support to people who qualify. We’ll take care of the process and paperwork, so you can focus on your business, knowing this is compliant and handled.
- Save time and paperwork
- Easy way to support a worthy cause
- Convenient online banking and bill pay
- $50 off first order of Harland brand business checks1
- No monthly service charge
Services for real estate offices
With variable cash flow, specialized bookkeeping and escrow management, for starters, real estate professionals have unique business considerations and contingencies.
If you’re in the commercial real estate business, you know that the steady flow of funding is essential. Webster can help you access lines of credit & term loans, commercial mortgages and SBA-guaranteed products.2
The Private Bank
For long-term investment strategies and risk management, Webster Private Bank offers tailored credit, investing, banking and fiduciary solutions to manage potential risks and provide needed guidance for your clients.3
1Harland Check offer good on business accounts only. Bank rules and regulations apply. Rates and fees may vary by state and region.
2All credit products, pricing and overdraft protection are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. All loans/lines of credit require a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment.
3Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A. Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank. Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.