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Updated over 7 years ago, 03/14/2017

User Stats

351
Posts
141
Votes
Francis A.
  • Los Angeles, CA
141
Votes |
351
Posts

Tenants depositing rent checks directly at the bank

Francis A.
  • Los Angeles, CA
Posted

Does anyone have their tenants pay rent using a pre filled out deposit slip at the the bank? Exposing the account number is the number one red flag. In this regard, thelocal branch manager suggested setting up a separate business account to use for tenants rent check deposits.This way the main checking account isn’t exposed.

The goal is cut out using a drop box and also save tenants the addition ACH or credit card charges.

Anyone do this with no hassles?

Thanks!

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