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Earnest Money Deposit

Delivering funds for your next real estate transaction is easier, safer and quicker than ever. No checks. No stress.

Earnest money deposit (EMD)

What You Need To Know

What is it?

Earnest money or “good faith money” is an initial deposit made by a buyer to demonstrate their intent and commitment to purchase a property. This deposit is held in escrow until closing, where it can then be applied to your down payment and closing costs.

Is it required?

Although they are not required, most contracts require that a buyer deposit earnest money as good-faith down payment. The amount of earnest money payment can range from 1% to 3% of the purchase price.

How do I send it?

A personal, bank-issued or a certified check can be used for delivering earnest money. Wire transfers are also an accepted method but both these options have their limitations and drawbacks.

Send it securely!

With wire fraud on the rise in the real estate and mortgage industry, you can protect your earnest money from schemes by sending your funds securely and conveniently through Tender and Merkle Pay!

Tender & Merkle Pay

Mobile EMD Deposit

Submitting your earnest money through Tender & Merkle allows you to pay from anywhere and at anytime, all while protecting your sensitive account information. Our clients enjoy the convenience of submitting earnest money deposits from their phone with the added benefits of automated receipts, funds tracking and direct deposit for refunds. Skip the trip to the bank and avoid the stress of handling paper checks. Tender & Merkle pay is the fastest and safest option for delivering your EMD.

Submit earnest money payment