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When Can I Make Disbursements Based on a Deposit to My Trust Account?

Every deposit must be allowed to clear through the banking process before disbursement. Cash deposits, verified electronic transfers and bank certified checks support same day disbursement. Cashier’s checks should be allowed to clear completely. Personal checks and money orders should be allowed to clear completely.

Your own bank or financial institution can provide guidance regarding clearance times and can verify clearance. If a same-day closing or settlement is desired, the best solution generally will be to require that the deposit to your trust account be made by wire transfer or bank certified check.

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