Funds
Our ability to accept funds for a closing are dictated by Georgia law. Please note that we will only accept a wire transfer for amounts of $5,000.00 and above. For amounts between $1,000.00 and $4,999.99, we will accept a certified check from a U.S. Bank. For amounts under $1,000.00 we will accept a personal check from a U.S. Bank.
Call for Wiring Instructions
Please contact our office at 404.256.9000 to receive wiring instructions for State Bank & Trust Bank Company.
Verify Before Wiring Funds
Please verify wiring instructions with our office before any funds transfer.
NO ACH TRANSACTIONS WILL BE ACCEPTED
Our escrow account will not accept ACH credits. Please confirm that you are sending a wire, and not an ACH credit.
Bank of America
If you are a Bank of America customer, please go to a bank branch to initiate your wire as the online system is actually an ACH and not a wire.
Online Banks
Please note that some online banks will not process wires so you must transfer funds over $5,000.00 to another bank and then request a wire. Also, some banks (such as Bank of America) erroneously describe their online transfers as wires when, in actuality they are ACH’s (automated clearing house). We are unable to accept ACH’s. Any ACH received will be rejected and will take 3-5 days for your bank to receive and reprocess. Please go to the bank branch whenever possible to initiate a wire to avoid any potential problems.
Timely Funding Notice
Section 44-14-13(d) of the Official Code of Georgia Annotated provides: “The lender shall at or before the loan closing deliver loan funds to the settlement agent...” A lender’s failure to meet this requirement can subject the lender to substantial penalties.
Your timely delivery of loan proceeds is greatly appreciated. Please remember that your wire may take several hours to reach our bank once initiated and that we operate on Eastern time.