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Downloading the App and Signing Up
The Bank Shot App Is free to download on the App Store. Once you download the app, open the app to create an account. Click “Sign Up,” found underneath of the “Log In.”
The first piece of information you will add is the broker code. TitleQuest of Hampton Road’s broker code is “3054647.” This will connect you to their portal and all your transactions will go directly to this location. Click “Continue.”
Next, you will enter your email and a password. You will use the email and password to log into Bank Shot. Enter your first and last name, as well, and select “Sign Up” when ready to continue.
Once signed in, you will be taken to the “Payment Type” menu.
Submitting a Check for Earnest Money Deposit on iPhone
To begin the process, click the “+” symbol next to “Earnest Money.”
To begin the process, click the “+” symbol next to “Earnest Money.” There are five icons on the bottom that will navigate you through the EMD process. Move through the fields with the “Next “button on the keyboard.
- Property Icon: The address of the property involved and where the funds will go
- Actors Icon: The names of the agents, buyer and sellers involved
- Transaction Icon: Your role in the transaction and closing details
- Front Icon: Submit the front of the check
- Back Icon: Submit the back of the check
First, enter in the property address in “Property” and select who the funds will go to. Enter in the full address including city, state, and zip code. If address has not been identified, you can input your personal address. Please review what was entered for accuracy before moving forward.
Next, click the “Actors” icon to type in the listing agent, selling agent, buyers, and sellers’ names.
On the “Transaction” screen, select your role. You are either the “Buyer,” “Seller, “Listing Agent,” or “Selling Agent.” Enter the “Closing Date” and “Binding Date” in the next two spaces. The binding date is the date all parties signed the agreement. If you do not have any dates, input the date you are depositing the check. Then, enter the “Check Amount to Broker.” Do not enter the $ symbol, just enter numbers with no commas. For example, $5,000.00 would be entered as 5000.00. The agent can put any special instructions in the last space.
Next, click the “Front” icon. In this section, you will take a picture of the front of the check you are submitting.
Next, click the “Back” icon. In this section, you will take a picture of the back of the check you are submitting.
NOTE: NO CHECK IMAGES ARE SAVED TO THE PHONE, THEY ARE ONLY SAVED IN THE APP AND ONCE THE USER SELECTS SUBMIT THE IMAGES ARE NO LONGER AVAILABLE.
Review your information by clicking each navigation icon. If you are ready to submit your information and check, press “Submit Item.” A small screen will pop-up confirming the amount of the check. Select “Yes” if correct. If not, go back and correct the amount.
If there is an issue, you can go back through each screen and the box that is not correct will be outlined in red. Your check has been successfully submitted once you see the “Operation Success” message pop-up.
In the app, you will see a green check mark next to the property once it has been accepted by the broker. If the check is rejected for some reason, they will see a red circle with an “X” in the middle.