Unbanked Tenants

[Tony Silvas]

Does anyone know of a company that offers cash payments at certain locations so that it automatically deposits into my account? I have looked into Pay Near Me and Paylease already but they require a minimum portfolio of 100 units. This type of service is exactly what I need. 

Your help is appreciated. 

[Account Closed]

If you bank with a large bank with multiple locations around your rental, you can ask the tenant to get a cashier's check and deposit it directly into your account. We bank with Chase and provide a deposit slip with the tenant's name and our bank account info completed. When they make the deposit, I can see which tenant it belongs to, based on the name I wrote on the deposit slip. It has worked seamlessly for us.