An escrow wire transfer is the trusted method of depositing earnest money and cash to close into an escrow account to finalize the purchase of a home. To send an escrow wire from your SELCO account, you will need the following:
Sender’s Information
- Your name.
- Your physical address. (Please note that we cannot use PO boxes.)
- Your telephone number. (Include a number at which you can be reached to verify instructions, as processing may be delayed if we are unable to verify the request.)
- SELCO member number.
- SELCO share ID to debit.
- Outgoing wire transfer amount in US dollars.
Beneficiary’s or Receiver’s Information
- Routing number of receiving bank. If you are unsure of the routing number, contact the receiving bank to get the appropriate incoming wiring instructions.
- Name of bank receiving the wire transfer.
- Name of the escrow company.
- Bank or loan account number for the escrow company.
- Physical address of the escrow company (Please note that we cannot use PO boxes.)
- Comments or special instructions to transmit with the outgoing wire, if applicable. These often include: “to the attention of” instructions, escrow number, buyer names, and property address.
Here is a downloadable and printable form to use as a guide for when you fill out and sign your Wire Transfer Request.
*Please contact your escrow officer/company directly to obtain instructions on sending a wire.
General Information
- A wire needs to be signed and submitted by 2:00pm to be sent out the same day.
- An escrow wire may take up to two business days to be received by the other financial institution.
- Please see the Current Rate & Fee Schedule for any applicable fees.
