Reply To: Third party making deposits (Tenant to Landlord Account)

[Timothy McKay]

Hello Kerri,

Personally, I have not seen any issues with this type of arrangement in the past. However, the risk is there for potential issues. Allowing someone, other than the account holder, to make deposits always has a level of risk. A better solution would be to have the landlord open a separate just to accept rental income and the owner can then transfer the funds afterwards to the correct account. This would help to mitigate the risk of giving an unauthorized individual the final four of the account number.