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 3 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Monte K.
  • Kensington, MD
1
Votes |
4
Posts

eRentPayment alternative now that Zelle is imposing daily limits?

Monte K.
  • Kensington, MD
Posted

Several years back when I was a landlord, I was using eRentPayment at the advice of this site. In the past year, I've been renting a private home and we've been paying our landlord using Zelle. Unfortunately, Zelle just reduced their daily limits to $500/day (at least with Ally bank), so this solution is no longer workable for rent payments.

I was going to suggest that our landlord use eRentPayment since we had great success using it several years ago, but then I discovered the ongoing problem with their payment provider.

What's everyone using now that's similar? We just need to be able to successfully transfer money monthly without using checks. 

Most Popular Reply

User Stats

5,116
Posts
5,171
Votes
Kyle J.
  • Rental Property Investor
  • Northern, CA
5,171
Votes |
5,116
Posts
Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Monte K.  A few different options.  Try using another bank.  Your Zelle limit with Ally might be $500, but I just checked my limit with Chase bank and it's $5,000 on sending money and unlimited on receiving money. 

If you don't want to switch banks, consider using Venmo.  I believe their person-to-person limit is $4,999.99.

Lastly, you might also consider using Cozy.  It's specifically for rent-collection, and I don't even think they have a limit. 

All of the above options would allow you to electronically transfer money without using checks, and are free for both you and the landlord.

Loading replies...