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Updated almost 10 years ago,

User Stats

46
Posts
6
Votes
Octavia D.
  • Investor
  • Irving, TX
6
Votes |
46
Posts

Can I use an escrow account vs. local bank / credit union to hold my profits & cash-flow?

Octavia D.
  • Investor
  • Irving, TX
Posted

Can I use an escrow account vs. local bank / credit union to hold my profits & cash-flow?

________________

I know that some recommended credit unions over banks due to the interest made on them and them being easier to work with. Yet I don't really care about making interest on my profits or cash-flow and noticed based on research, that a lot of credit unions are acting like banks by giving out loans (other peoples hard earned money). Is it possible to just have an escrow account to hold my funds in or is there really no difference.?

Octavia

________________

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