Should You Wire Money Before Closing?

We always recommend that you plan to wire extra funds, usually $1,000 – $2,000 on top of the lender's estimate, just in case there are any changes that happen fewer than three days before closing, which happens frequently. You'll need to wire transfer these funds in one lump payment the DAY BEFORE CLOSING.

How many days before closing do you wire money?

After the mortgage loan has been approved, the buyer's lender wires the funds to escrow. One to two days before closing, the buyer sends a wire transfer to escrow.

Can I wire money same day as closing?

Most banks process wires right away so you have access to the funds immediately, but there may be some delay over weekends or other public holidays. The bank wires your funds directly to your bank account so there's nothing else you have to do except wait for the funds to clear.