Question

Which of the following would typically be paid through an escrow account?

A.

Cable








B.

Taxes








C.

Rent








D.

Water

Answer 1

B -taxes would be typically paid through an escrow account

Answer 2

The correct option is B

A Guarantee account: is an account in the name of a borrower that serves as a clearing account with your bank, usually for the purpose of insuring and servicing a debtor.

Taxes would normally be paid through an escrow account. But it would be a little more difficult to pay for services like water or cable with this kind of account.