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

refer to New Jersey landlord laws to see what the requirements are

OK, thanks

@Cathy M.  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

@Kyle J. 2 great articles, thanks! That does clear it up. I will need to put the security deposit in a bank that has branches both in Florida and New Jersey. That is what I thought.

I had to travel up to New Jersey before my tenants moved in anyway, so I just deposited their check in my NJ bank in a tenant account.