💡 Rent Collection FAQ
Get quick answers about rent payment processing—how long it takes, when it shows up, and when it's deposited in your account!
⏱️ When will the rent payment show in RentRedi?
Immediately! Once a tenant initiates payment, it's recorded in RentRedi in real time.
🏦 When does the payment leave the tenant’s account?
Same-day withdrawal from a tenant's account for ACH payments made before 2 pm EST (if a payment is made after 2 pm EST, it will be pulled the following morning).
💸 When will the funds be available in your bank account?
Payments are typically deposited into the landlord’s bank account within 2–3 business days.
📅 What’s the Deposit Schedule?
Here’s RentRedi’s standard processing timeline:
🗓️ Payment Submitted | 📥 Expected Deposit |
Monday | Wednesday |
Tuesday | Thursday |
Wednesday | Friday |
Thursday | Monday |
Friday | Tuesday |
⚠️Please note that the deposit schedule may vary due to several factors and the schedule above does not account for any delays outside of our control, such as a delay in the national banking system.
🔐 First-Time Payments & Verification
When you first sign up, payments undergo a standard verification process. As a safety measure for everyone on the platform, it may take a little longer to process payments at the very beginning.
🏛️ Bank Policies
Additionally, some banks may have their own policies about how long they hold your funds before they make them available. We recommend checking with your bank for details on their release policies.
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