Wire or Bank Check? Bank Check or Wire?

June 20th, 2011

Now that certified checks are becoming a thing of the past, the funding question remaining is – Should a buyer bring a bank check or send a wire for the closing?

Signature is seeing an increase in wire activity as wire transfers are being requested by sellers (including banks and 3rd party companies) for their proceeds and/or payoffs.

If the seller requests proceeds in the form of a wire, the buyer(s) will be required to wire their funds for the closing.  This will ensure a smooth closing for all parties.

Should you have questions about wire transfers or funding for a closing, please contact a Signature representative.