Originally Posted by AxelWolf View Post
That's why they say...."In a wreck get a check." I can't think of anyone getting an ACH OR Wire transfer from a settlement. I'm sure it's possible but why not get a check?
I just assumed the "in a wreck...get a check" wasn't meant literally. Just a holdover of a 10+ year gingle. It is 2023. I just assumed all 6 figure transactions are done by electronic transfer now. Why would someone hand someone a paper check that can be lost or stolen in 5 minutes, for 100's of thousands of dollars in 2023?

BUT, I don't really know or have a ton of experiences with this. I can only speak to my own experiences, and I have been involved with a total of 6 transactions over 100k, this settlement and five real estate transactions and funds were transferred electronically in every case both in and out. No paper checks. No suitcases full of cash.