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Geraldine Kolesar
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Pennsylvania Banks that Offer Tenant Security Escrow Accounts

Posted

We are in the process of renting out our first rental property and I am having a difficult time in locating a local bank (the property is located in Bucks County, PA and I am located in Central PA) that offers tenant security escrow accounts or lease security deposit accounts to hold the security deposit in.  Many of the banks that I have contacted have no idea what I am asking for.  At this point, I'm not sure if I should continue looking for a local bank or if I should try an online bank.  

Any advice or suggestions would be greatly appreciated!  

Thank you!

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Michael Badin
  • Rental Property Investor
  • Apex, NC
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Michael Badin
  • Rental Property Investor
  • Apex, NC
Replied

PNC has a great account. Single account that keeps separate records for each tenant security deposit.

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