Updated almost 9 years ago on . Most recent reply

Private Lending Payments directing into Lender's Bank Account?
I bought a property using private money, and I would like to electronically send the monthly payments directly into the private lenders' bank accounts. I would prefer not to use a third party site (ie Dwolla, etc) where they have to sign up for an account. I just want the money to show up in their account, and make it as easy as possible for the lenders. I have the account and routing numbers for each lender.
Any ideas on how to make this happen?
Most Popular Reply

I have several borrowers who pay me through the ACH system. They set it up on their end to deposit the payments into my account monthly. There is no paper check this way.