Do you rent to the tenants whom have no bank account?

[Jeff Gates]

Having a bank account should be a necessity for a renter you may approve. If a renter says they do not have a bank account and will only pay everything with cash, this request could be a big red flag for them performing illegal activities for making money. Illegal income activities could put your home at risk if you should rent to them.

Ask for a checking account, because to open a checking account the bank runs a Chexsystems and checks and if this person is not on the blacklist. If they can't get a bank account they are probably a very bad credit risk.