Direct Depodit (by Sue [MO]) Oct 12, 2017 10:52 AM|
Direct Depodit (by BA [NE]) Oct 12, 2017 11:40 AM
Direct Depodit (by MC [PA]) Oct 12, 2017 12:44 PM
Direct Depodit (by WMH [NC]) Oct 12, 2017 12:49 PM
Direct Depodit (by BRAD 20,000 [IN]) Oct 12, 2017 9:11 PM
Direct Depodit (by Sue [MO]) Posted on: Oct 12, 2017 10:52 AM
Does anyone use the direct deposit method to collect rents? --67.43.xxx.xxx
Direct Depodit (by BA [NE]) Posted on: Oct 12, 2017 11:40 AM
All my tenants pay that way. Love it and have no problems doing it that way.
I also have noticed that the rent gets paid on time by doing it this way. --97.98.xxx.xx
Direct Depodit (by MC [PA]) Posted on: Oct 12, 2017 12:44 PM
2 of mine are on it. Prevents "I sent the check...". Convenient for all.
Direct Depodit (by WMH [NC]) Posted on: Oct 12, 2017 12:49 PM
All of my tenants either use some form of bank transfer (PopMoney, Zelle) or they walk into my bank and make a deposit. I haven't taken a check for rent in 13 years, except in very special circumstances. --173.22.xx.xx
Direct Depodit (by BRAD 20,000 [IN]) Posted on: Oct 12, 2017 9:11 PM
We are mostly autodraft (TAKE the money from their acct) but have some on Deposit Only Acct at the bank.
Their are some people who cannot get a checking acct, some who cannot manage a checking acct so this is less hassle for us. Some local factories are shifting to paying their employees on a debit card - paycard. The employee must either pay a service fee at an ATM or walk into a bank to get cash or transfer money into their acct.
My bank does not charge a fee for them to bring in their paycard.