How much time does it take to receive rents through Rentomatic?
Rentomatic verifies your tenants’ payments within three business days and then immediately submits them to your account for deposit. The time it takes from when Rentomatic submits the deposit to your bank to when the deposit clears your account may vary depending upon your bank. Typically the entire process from start to finish takes no more than five business days. When you accept checks through Rentomatic, your tenants’ checks are scanned by Rentomatic and the bank the same day they are received! When your tenant makes a payment received by Rentomatic (online and checks), your Rentomatic account will immediately be updated every step of the way, informing you of when payments were received, processed and when they were submitted to your bank.
