According to NACHA, it costs on average $1.22 to process a paper check. Property management companies may not realize they are paying lockbox bank fees, but in reality, even with "free checking", they are.
As a property management company with large reserves, it's important that you're using earning credits to your advantage. Get your free copy of our guide, What Every Property Management Company Needs to Know About Free Checking. In it you'll find:
- The two most common types of "free" checking accounts
- The banking tasks that typically increase your lockbox fees
- Questions you must ask to ensure you're maximizing the value of your deposits
Discover how to use earning credits to further invest in your company. Download your free guide today!