Newswire Agents of Tech

Bank Shot Launches Digital Disbursement Solution

Bank Shot Digital Disbursements Process (Photo via PRNewswire)

Bank Shot, an app built for speed and security in sending earnest money, has adding digital disbursements to its payment options, becoming an all-in-one real estate payments solution. This new feature will allow title closing teams to send disbursements as digital checks through the Bank Shot portal.

“It has always been our vision to modernize the entire flow of funds involved in real estate transactions, and with Bank Shot Digital Disbursements, we are doing just that!” said Emily Traxler, CEO, Bank Shot. “We provide you with a 1-click solution to disburse funds digitally, helping you cut paper, reduce costs, and more importantly, allowing you to offer your agents a competitive advantage of payments in, not days, but minutes.”

Historically, sending disbursements has required physical mailing or the hand-delivering of checks, accompanied by mailing fees and a two- to three-day waiting period for agents to receive commission.  The new process not only creates new time savings, but initial returns show it can also have a huge impact on the bottom line.

“After initial beta testing of disbursements, we found that most customers can save on average $7 to $15 per transaction!” Traxler said.

Bank Shot’s customers can now cut costs and expedite the closing process in three simple steps: create, review, and submit. No setup is required.