Which of the following is NOT a type of depository for escrow accounts?

A personal checking account is not a type of depository for escrow accounts because escrow accounts are intended to hold funds securely and transparently for specific transactions, particularly in real estate or legal dealings, until certain conditions are met.

A credit union as a depository is a financial institution that can hold escrow funds securely while complying with regulatory requirements. Title companies also serve as approved depositories, managing the funds during the closing process of real estate transactions. Similarly, attorney escrow accounts are designed specifically for handling client funds in trust for legal purposes.

In contrast, a personal checking account is generally owned by an individual and does not meet the specific requirements and protections necessary for an escrow account, which is meant to safeguard the interests of multiple parties involved in a transaction. This distinction highlights the purpose and security standards associated with escrow accounts, which are not provided by a typical personal checking account.