Tracking Rent Payment made by Tenant in a Bank

[David H.]

I've heard of landlords who give their tenants deposit slips so the tenant can pay directly into a bank.

If I have two tenants, both with the same rent (let's say $1200), how do I know who paid and who didn't if I see one transaction for $1200?

[Joel A.]

Chase offers a free service called chase quick pay.  Its a free version of paypal if you will.  you can send money to whoever and receive money from whoever at no cost.  You can even send out requests for money the last day of the month or any day, all the tenant has to do is click the link and send the transfer.  It also keeps track of the history and who you recieved the money from.  Its a beautiful thing really. That is what I use for collecting rent.  Its really a no brainer to use considering it does everything I need and its free as long as youre a chase customer.