Earnnest utilizes an advanced ACH process that allows buyers to pay their earnest money within minutes and have it settle in your account faster than a traditional check. We use specific banking procedures and SAC regulations to ensure that escrow holders are protected from chargebacks—that means that Earnnest has a more secure process than any other traditional payment method.
Every buyer goes through an identity verification process which meets the needs or exceeds NACHA regulations to ensure that every person involved the transfer is an authorized individual. When you register your account with Earnnest, no one will ever need that account routing information again. An agent will merely select the name that you’ve given that account and a buyer's funds will directly transfer into your registered account.
Automated Notifications & Receipts
Earnnest uses the ACH addenda field to supply payment-specific data. We include a unique tracking number, home buyer last name, and property address. Beyond the addenda field, we also supply real-time email updates on the payment as it is paid, processed and deposited into your trust account.