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Updated over 5 years ago,
Comingling rent payment
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.