What do many industry experts recommend that title agents block?

Many industry experts recommend that title agents block ACH credit/debit transfers due to the heightened risk associated with these types of transactions. ACH (Automated Clearing House) transfers can be susceptible to fraud and unauthorized access, making them a target for cybercriminals. Because title agents handle large sums of money and sensitive information during real estate transactions, they are particularly vulnerable to scams that exploit the ACH payment system.

By blocking ACH transactions, title agents can help protect their clients’ funds and maintain the integrity of the transaction process. This precaution aligns with best practices in the industry, ensuring that transactions are conducted through more secure methods, thereby reducing the likelihood of financial loss due to fraud.

In contrast, while other payment methods such as wire transfer payments and check payments may also pose risks, these methods have established protocols and safeguards that can provide a greater level of security compared to ACH transfers. Credit card transactions, while generally secure, often come with additional fees and may not be suitable for all types of real estate transactions. Overall, the recommendation to block ACH transfers reflects a focus on protecting client funds and minimizing exposure to possible fraudulent activities.