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Updated over 7 years ago, 03/14/2017
Tenants depositing rent checks directly at the bank
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!