Electronic Earnest Money in 3 Simple Steps
Save time, increase security, and view real-time tracking throughout the earnest money process.
Agent clicks TrustFunds link on MLS listing
On the MLS listing details page, the buyer’s agent clicks the TrustFunds link to create a payment request.
Agent provides buyer and payment information
Agent selects the Broker or Title Company, as noted in the purchase agreement, to hold the earnest money. A list of active TrustFunds members is shown for selection. Agent enters the buyer’s name, email, and the amount of earnest money to be paid.
Buyer makes their payment
TrustFunds notifies the buyer automatically and provides access to submit their payment through our secure portal. The buyer enters their own account information to securely submit their earnest money payment.
That’s It – You’re Done!
All parties receive automated email updates as the payment processes (3-4 business days). Plus, agents, brokers and title companies can access full payment information at any time in their TrustFunds account.
See, wasn’t that easy?!
TrustFunds vs Paper Check
Electronic Earnest Money
Earnest Money Paper Check
Our TrustFunds platform offers layers of digital security far more advanced than the paper check. No more client account numbers or routing information floating around your cars or purses. No more paper copies sitting on your desk or left at the copier. TrustFunds’ electronic earnest money process ensures complete security for all parties. Still have security questions? Visit our security page.
“With the fraud happening in today’s world we are happy to partner with TrustFunds to provide a service that greatly enhances the security of earnest money. Also, there are many millennials that no longer carry check books to write an earnest money check and now there is no need!”
“I love TrustFunds! My clients always feel secure about the handling of their money and where it is deposited. They get a transaction receipt and both agents know that the contract performance is being fulfilled. It’s just a better way to do business for a Professional Realtor.”
“TrustFunds has been a HUGE benefit to my brokerage. My agents love not having to be responsible for keeping clients’ checks and my clients love the convenience. And, as a broker, I love that we are ALWAYS in compliance with our contract. “
“Before TrustFunds, getting the earnest money on time and tracking it was a time-consuming process. This simplifies that process so much. Agents have told me once they use it, they will never go back to the paper check process again.”