Will it have legal issue if put deposit money at zdeposit.net?

[Zhenwei Chu]

MA law requires to save tenant deposit money at bank escrow account. There is a website zdeposit.net that provide this service. It is very convenient to use. But my concern is that zdeposit.net is not a bank. zdeposit claims the money will be saved at Leader Bank. But the relationship between zdeposit and bank is partnership, not ownership. They are not bank themselves. Here is the response from their customer support:

ZRent and ZDeposit are products of ZSuite Technologies Inc (https://www.zsuitetech.com/), who partners with Financial Institutions.


Will it be a potential problem if goes to court?

Thanks
Zhenwei Chu