The world of escrow, the term given to funds held, has recently undergone changes that may not be for the good of the rest of us.
The banks 20 years ago were all working independently, competing for your dollars with competitive services and features. Escrow was one of these features, and it was primarily used in real estate sales and transfers.
Over the years, banks merged or acquired smaller ones, giving the country much less selection when banking is concerned. The united banks now work in cohesion, siding with eachother instead of their customers.
The banking centers of the world are continuing to get rich with their schemes and gimics, and the united world of escrow is no different.
It would be a great disservice to us all if things were continued to merge and downscale the options we have for banking. You can all thank the united world of escrow for that.