Which bank to use for security deposit for out of state landlord?

[Cathy McCormick]

Hi everyone, I have a question about where to deposit my tenant's security deposit. The house is in New Jersey, but I am in Florida. Can I deposit it in my local bank in Florida, or do I need to use a bank that has branches in both states? Thank you all in advance, I have learned so much from these forums! Cathy

[Kyle J.]

@Cathy McCormick  These articles appear to answer your question:

https://www.nynjconsumerlaw.com/nj-residential-tenants-security-deposits-the-devil-is-in-the-details/

https://www.thebalancesmb.com/new-jersey-security-deposit-law-2125082