Escrow Service
Our customized technology, and experienced staff deliver the protection and dependability to support your financial controls and compliance.
As the leader in travel and aviation escrow, Shelby Financial provides reliable, cost-efficient escrow capabilities, backed by a commitment to outstanding service. Shelby Financial’s customized technology and experienced staff support your financial controls and compliance.
Part 380 Charter
Designed to meet the depository and escrow accounting needs of charter operators and direct air carriers, our Charter Escrow service is in compliance with U.S. Department of Transportation regulation part 380. Other entities acting as charterers, such as cruise lines, travel agencies, or independent contractors, may also find this service improves financial controls and compliance.
Air Carrier Escrow
Air carriers can establish a DOT escrow account with Shelby Financial to receive funds from charter and tour operators. Escrow account reporting clarifies when funds can be disbursed, which improves air carrier cash forecasting and financial controls. Depository agreements are provided for submission to the U.S. Department of Transportation.
Bank Escrow Account
Shelby Financial’s Bank Escrow account service is compliant with U.S. Department of Transportation requirements. Online banking provides access to deposit, payment, and monthly statements. Shelby Financial’s deposit reporting includes detailed passenger and flight information as well as payments to air carriers and service providers.
Surety Trust Agreement
The U.S. Department of Transportation accepts a Surety Trust Agreement, surety bond, or letter of credit. Any tour operator or other qualified charterer can obtain a Surety Trust Agreement collateralized by cash through Shelby Financial, provided that the surety holder also maintains an appropriate escrow account with Shelby Financial for the escrowing of passenger funds.
Compliant Part 380 Charter Services Available
Learn more about Shelby Financial services!
Escrow Services
As the leader in travel and aviation escrow, Shelby Financial provides reliable, cost-efficient escrow capabilities, backed by a commitment to outstanding service.
Merchant Services
Shelby Financial has partnered with a leader in payment processing solutions to bring you competitive pricing and other benefits along with our exceptional service.
Banking Services
Shelby Financial offers a wide variety of banking services to meet our customers’ needs. Our FDIC-insured banks protect and govern your passenger and operating funds.
Transfer Services
For over 30 years, businesses have partnered with us for critical stock transfer services as well as shareholder management and bond recordkeeping.