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Updated over 3 years ago on . Most recent reply

User Stats

78
Posts
25
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Paul J.
  • Investor
  • Los Osos, CA
25
Votes |
78
Posts

Chase bank discontines the deposit-only ATM card system

Paul J.
  • Investor
  • Los Osos, CA
Posted

Apparently, if you already have the cards they will still work, but you can't order any new ones. Just venting here because I built a plan for my new out-of-state property around this system and now I have to scramble to find a new way to accept payments without the hassle of checks, excuses, or cash. Having them go to a network of 24/7 nationwide ATM's was just too good to be true, I suppose.

Any other suggestions out there for similar services or banks that offer such a service with branches in both California and Michigan?

Most Popular Reply

User Stats

1,980
Posts
948
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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
948
Votes |
1,980
Posts
Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
Replied

Set up a checking account at a bank near your rental. Give the tenants your account number and deposit slips. Set up on-line banking so you can see when the deposits have been made and cleared. Then write yourself a check from that account and deposit it in your home banking account.

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