What bank for NJ security deposit?

Question

NJ landlords - what bank do you use to hold the security deposit for your tenants?  Do you use the same bank (although presumably separate account) for your business checking/savings?

Dan Barli · Answer

It's a community bank who took over and acquired Hudson City. If you'd like, I'd be happy to make an introduction for you @Justin McElroy

Corey W. · Answer

I've used TD Bank in the past, as i used to do my personal banking with them.

I don't have a strong opinion one way or the other to use them. However any time I have needed to go into any location for desk help, they are always very helpful and nice.

Dan Barli · Answer

I use M&T here in NJ for my banking. If you want an intro to my contact, I'd be happy to provide it.

Dan Barli · Answer

I use the same bank that I use for my checking and savings @Monica Chan. Makes it easier that way.

Kon Zel · Answer

Yes, please make the intro.  PM me

Jonathan Herron · Answer

I personally keep my personal and business banking in separate banks but that's a personal choice.  The nearest branches to me for both banks are right across the street from each other.  If I ever consolidate to one bank it would be to move everything to the bank I currently do all of my business banking with.

Dan Barli · Answer

I think so, but it's pretty reasonable. Not more than other banks @Kon Zel. Do you want me to do an introduction for you?

Kon Zel · Answer

@Dan Barli Do they charge for outgoing wires?

Justin McElroy · Answer

@Dan Barli is M&T a community bank or federal credit union?

Monica Chan · Answer

@Dan Barli Thanks Dan. Which banking institution do you use?

What bank for NJ security deposit?

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