Is it safe to wire money to a title company?
Yes, it is safe to wire money to a title company. However, it’s important to follow the instructions closely and confirm your transfer with the title company before initiating a wire transaction.
Keep in mind, an automated clearing house (ACH) transfer is not an acceptable form of money transfer, as it is not a direct wire transfer from bank to bank. ACH transfers occur in bulk and can be adjusted, changed, or recalled without authorization from the account holder. These are not considered “good funds” and will be rejected or sent back by the actual account holder and bank. Wire transfers protect you from any issues that could occur with sending large sums of money via ACH.