Direct Deposit Notice Form

Amazing Features

All of our forms were crafted and assembled with you – the landlord – in mind.
Here are just a few amazing features.

What It Offers

Letter which provides tenant relevant details on how they can directly deposit rent into your bank account (if applicable)

Access Speed

Fast, Convenient, & Instant Download

Easy-Of-Use

All the important information structured in only a single page

Simple To Understand

Landlord-Friendly wording favours the landlord without incomprehensible legal jargon

Make It Your Own

100% Customizeable so you can change as little or as much of the content you wish. No lockouts.

PDF & WORD File Included

Digital download includes both PDF version and legacy WORD (97) version to ensure maximum compatibility

FREE GIFT!

We’ve included a FREE Sample Letterhead that you can customize and use for all your communications

DESCRIPTION

We use this Direct Deposit notice as a letter with our bank branch, account number, branch hours/address/details as well as general policies on when rent is due and when it should be deposited.   This is useful if you’re not located in the same town or city as your rental property and you prefer to have your tenants directly deposit their rent into your bank account. It’s important to check with your bank on their specific policies and make sure you follow their instructions and procedures.  However, in our experience, we find most banks make it extremely easy for anyone to be able to deposit funds into an account.  We suggest you talk to your bank and open a small account specifically for the purpose of collecting rents directly from tenants depositing it.  Banks usually put notes and restriction on the account to ensure it’s always a one-way process when tenants are concerned (ie. deposits ONLY).

Note:  This letter notice form is intended only for tenants who will physically walk into a local branch to deposit their rent to the landlord’s account via a bank teller

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Why Do I Need This?

  • Provide additional ways to make it easier for your and your tenant to transfer rent

  • Outline clear instructions and terms concerning how to directly deposit rent into a landlord’s bank account

  • Having a tenant deposit the rent directly into your bank account secures your funds and is a preferred deposit method