At Earnnest, we make earnest money secure and simple. Here are a few steps we take to accomplish that:
Earnnest is built from the ground up to secure real estate payments. Earnnest uses the 256-bit AES encryption standard chosen by financial institutions and the U.S. government. This standard is the most advanced and secure encryption algorithm. This means you have the ability to fund your earnest money payment while keeping sensitive banking information secure. To be clear — Earnnest cannot (and does not want to) access the encrypted portal through which you select your funding bank. This means we never handle any sensitive information. This is good news for you and for us.
Due to Federal laws like the Patriot Act, Earnnest will need to verify your identity. We have partnered with industry leader, Dwolla, to make verification fast and secure. We will ask you for information including your legal name, current address, and last four of your Social Security Number. The same level of encryption we use for selecting funding is used to submit personally identifiable information to Dwolla. Also, Earnnest does not store this information so there’s no possibility for a malicious party to access it later.
Download our guide to Earnnest security.