Electronic Distributions to Investors

[Kim Hopkins]

Hello!

It seems like this answer should be out there everywhere, but I searched Google and the BP forums and can't find it..

We have a few investors in our deals. We want to be able to send them their distributions electronically each month. Some distributions are north of $20k per month so we can't use Venmo or other apps like that with an upper limit.

The banks all want to charge us for transfers since they're going to other banks.

Anyone know a solution? 

Thank you!
Kim

[Shay Reddy]

Those amounts would be private client at Chase or  most banks..and waive all those fees....