All payments received by ABSC are immediately deposited into a non-interest bearing Trust Account. Depending on the wishes of the client, upon clearance of the deposited check, remittances are sent bi-monthly. When a wire transfer is received from a debtor, the remittance to the client can be made immediately upon confirmation of the transfer. When the debtor pays the client direct, we either offset the fee due us from other funds we may be holding for the client, or we will send a statement to the client. |
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