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Updated 15 days ago on . Most recent reply

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54
Posts
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Andy S.
  • Investor
  • Somerset
14
Votes |
54
Posts

Any recommendations banks that offer zero fees tenant security deposit accounts?

Andy S.
  • Investor
  • Somerset
Posted

I found out that Wells Fargo charges you monthly fees of $5 if you do not maintain minimum balance of $300 as well as have an automated transfer of $25 each month into this account.

Any suggestions regarding a bank that offers Tenant Security free deposit account with zero caveats? I need to open 10 of them. I understand in New Jersey any interest bearing account such as Checking/Savings/MMA will do. But my requirement is the bank must allow atleast 10 of them.

Regards

Most Popular Reply

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2,833
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1,935
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
1,935
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2,833
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Andy S.

Have you checked with any local banks or credit unions?

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