Earnnest enables home buyers to send 100% digital earnest money payments through a secure, electronic payment tool, mitigating the risk of wire fraud, completely eliminating paper checks and removing the need for any in-person interaction. The tool features banking-level security, crystal clear recording keeping, and real-time notifications all available within the Earnnest app—giving agents the flexibility to request earnest money anytime and anywhere. The platform was created to avoid the inconvenience of checks and the lack of security surrounding wire transfers. With data showing that 42% of Millennials don’t even own a checkbook, Earnnest has developed a proprietary, new process using the ACH network to safely and efficiently transfer earnest money while completely blocking unilateral pullbacks of deposited funds. With Earnnest, agents can stop chasing down checks and start taking advantage of a simple, transparent payment system that works as fast as they do without compromising security.
- Since 2017, Earnnest has moved million dollars in real estate payments.
- 90% growth in 2020
- Grown to become the largest digital earnest money service in the country
