Skip to main content
All CollectionsLandlord Help: Payment Accounts Set Up Payment Accounts
Create a Separate Payment Account for Security Deposits
Create a Separate Payment Account for Security Deposits

Send money to different bank account for Security Deposits vs Rent/other charges

Crystal Abing avatar
Written by Crystal Abing
Updated over a week ago

Need to keep security deposits in a separate payment or back account than rent or other charges?

  1. You can create and connect a payment account for security deposits only to each property!

  2. Use the deposit drop down to link the new account(s) to the associated properties.

The primary account will receive all payments (rent, late fees, repairs, utilities, etc).

The security deposit account (optional) can be used to receive payments made/charges booked as "Tenant Security Deposits Held".


You can name payment accounts to show "{Payment Account Name} - DEPOSIT" or whatever you would prefer to show on the tenant’s bank account.

Related Articles

Did this answer your question?