With the managing of rental properties comes a unique set of challenges. Not only does Citibank understand, we're ready to help you create solutions that administer security deposits and manage your finances more efficiently.
Citibank's Security Deposit Account
Streamlines the way you manage tenants' security deposits and simplifies accounting and tax reporting.
- By maintaining one central control account online, you can oversee an unlimited number of linked tenant sub-accounts containing each tenant's security deposit
- No monthly maintenance fee
- CitiBusiness Online 24/7 access—get account information and initiate transactions anytime, anywhere
- Conveniently open and close tenant sub-accounts online
- Make deposits and withdrawals to your control account or your tenants' sub-accounts
- Transfer money into and out of sub-accounts anytime
- Receive a consolidated monthly statement for your control account and tenant sub-accounts
Process Rental Collections Easily
Citibank® Remote Check Deposit makes depositing rent checks easy by virtually eliminating trips to the bank and the fees for transporting deposits.
Simplify Payments with
Debit and Credit Cards
With debit and credit cards, you can purchase building equipment or pay for building maintenance and repairs…without the risk of incurring lost, stolen or late check fees.