Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

Account Closed
  • Property Manager
  • Northeast Indiana
38
Votes |
46
Posts

Any other landlords having bank/ach troubles?

Account Closed
  • Property Manager
  • Northeast Indiana
Posted

Hey ya'll I've been a silent member for a while and am speaking up to see if I am cursed or if everyone has this issue.

I have been to multiple banks (large and small, most recently Chase & Quickbooks/intuit) to try and get ACH payment processing set up. Most of the banks have said no either because of the "small" amount being processed each month or because for some vague reasons they dont permit rental businesses to utilize the service. 

Most recently I opened an account with Intuit who has subsequently opened a "review" to see if they and their "partner banks" allow rental businesses to receive ACH payments for rents/deposits. Meanwhile two rent payments are in cyberspace "being held temporarily" by Intuit. 

Am I the only one? Does anyone have a low cost solution to get around this? I'm really tiring of banks.

Loading replies...