Bank Shot adds five banks to its mobile application | News

Bank Shot has added five banks to its arsenal, meaning the mobile solution is available at 64 banks for title companies, closing attorneys and other real estate professionals who receive deposits, commissions and other payments. The app offers users both ACH (automated clearing house) and non-ACH options.

“Bank Shot continues to be a game changer in real estate payment processing as we provide true non-ACH options to our customers. Our goal is to get real money to our customers, very quickly, with the highest standard Adding more banks to our platform allows more customers to take advantage of our incredible solution,” said Emily Traxler, CEO of Bank Shot, in a statement.

The Bank Shot mobile app, available for iPhone and Android users, allows users to take photos of checks and submit them electronically. Payments stop at a web portal before deposit, so the operator can confirm payments and properties and choose which accounts to deposit the funds into. Transaction confirmations take place immediately.

“Bank Shot makes sense for the title industry,” said co-founder Bernadine Drake. “We are real estate veterans, and we developed this solution to solve a problem in our industry. As brokers and owners, we understand operational expenses, so we’ve configured Bank Shot to come with no setup fees, monthly fees, or technical fees. You only pay when a successful deposit is sent, and we have even kept this cost very low. This gives our customers the convenience and peace of mind knowing that their checks will be delivered quickly and securely. »

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