Comingling rent payment

[Jon Pinkerton]

I recently leased a residential property that is titled in a trust. I was delayed in getting a checking / operating account set up as I needed to consult with my lawyer on the proper name that should be on the account and obtain an EiN #. While this was happening, my new tenant needed to pay rent and security deposit. He suggested using Zelle. I set up my personal account to accept and worked fine. I have since gotten my trust account set up and was advised that since it is a business account, I would not be able to use Zelle. I realize I may need to amend the rent payment agreement to come up with an alternative to Zelle. However, if I decide to continue accepting Zelle payment from tenant, can’t I just write a check from my personal account into the business account? Am I creating any commingling of fund problems. I appreciate any insight.

[Anthony Rosa]

Your tenant has zelle that means they have a bank account.  If your tenant pays bills online they can add your business to their payee list.  A bank check in the tenants name will be sent to you and it arrives in the mail.  

You can also set up your bank account to accept electronic payments and the money is in your account within 24hrs.