Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Stephanie R.
0
Votes |
1
Posts

What bank to use for security deposit for NJ property?

Stephanie R.
Posted

First time landlord and I finally rented out my NJ property!  Per NJ law this must be an interest bearing account located in NJ but I am not physically in NJ to open the account as I already moved to Florida.  Can any bank do this online without me having to fly back to NJ?  I thought it could be a regular savings account but the Chase branch in Florida said they could not do it, it has to be an account in both mine and the tenant's name so the tenant earns the interest.  Anyone know of a bank or branch in NJ or nationally that will open an NJ account without physically having to go to NJ?  I can go to a local one in Florida if they can do it with NJ information.

Loading replies...