Zelle Transfers for Rent Payments

[Shalon Leonard]

Has anyone used Zelle to accept rental payments? I’m a new landlord and I thought this maybe a easy way to accept the monthly rent. Thought?

[Tracey Smythe]

I accept Zelle from one of my tenants and I love it.  When they send me money it comes through to my bank instantly and I get an alert that it is processing.  

It works almost like any other check you might deposit into your account.  It shows up with the tenants name and tracking back to their account, and shows the total amount  I am a CPA, and I would be happy with the paper trail on it for any accounting work I do.  It has more info and trail on the checking account entry than a normal deposit.