Send a wire in person at the bank, not an ACH or cashier’s check. 🏦💸

We opened a bank account for a new LLC before closing. That LLC will own the property. My partner and I each hold 50% through our hold cos.

I wired my share from my personal account to the title company escrow (thanks

@Hunter Rittgers

!). The wire cleared in 20 minutes, exactly where it needed to be. ⏱️

My partner did something different. He got two cashier’s checks, from BofA and a credit union, and deposited them into the brand-new LLC account. That created a perfect storm.

Why this slowed us down:

The account is brand-new, no history to speed clearing.
Cashier’s checks clear slowly, banks often place holds.
Our bank placed an 8 business day hold on the deposits. ⚠️

Result: we were set to close on October 15. Funds won’t be available until October 20, then we still must wire to escrow.

Quick rules you can use:

Wire funds directly to escrow, in person at the bank. 🏦
Wires are fastest and most reliable. ACH is slower. Cashier’s checks are slowest.
Avoid funding brand-new accounts when you face deadlines.
If a check deposit is unavoidable, confirm the bank’s hold policy in writing. 📄
When possible, fund escrow directly from the source account. ✅

Keep it simple. Send wires. Save yourself delays.

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