Laserfiche WebLink
RAI N 1 ERTITLE <br />GOOD FUNDS REQUIRED <br />FOR CLOSING <br />WHAT ARE GOOD FUNDS? <br />Good Funds are funds which are immediately available to the title/escrow <br />company upon deposit. Depending on the type of funds deposited, a waiting <br />period may apply before the transaction can close and funds can be disbursed. <br />ACCEPTED <br />BANK WIRES: We encourage all customers to send funds via wire transfer <br />These funds are available for immediate credit and can be disbursed the <br />quickest, thereby ensuring a timely closing. <br />CASHIER'S CHECKS: When a bank issues a cashier's check they first <br />verify the funds are available in the account. Cashier's checks are <br />considered good funds once they have been deposited and cleared. This <br />takes between 1 and 3 days depending on the issuing bank. Cashier's <br />checks must be issued in Washington State or they will be treated like a <br />personal check and can delay closing. <br />NOT ACCEPTED <br />ACH TRANSFERS: ACH transfers are not the same as a bank wire. Both <br />are completed electronically. However, ACH transfers can be recalled up to <br />90 days after completion and without our approval. This does not meet the <br />good funds requirement and is therefore not an acceptable form of funds. <br />Our bank blocks these transfers and may not notify us. <br />FOREIGN & VIRTUAL CURRENCIES: All funds must be converted to US <br />Dollars prior to deposit to escrow. <br />CASH: We are not able to properly secure cash deposits and do not accept <br />cash. <br />Call us today if you have questions! <br />(888-828-0018) <br />