Bank Sync

Connect your bank account with Stripe Connect to receive rent payments directly. Secure ACH transfers and automatic reconciliation with MyRentalSpot.

Stripe
Connect Platform
2-3 Days
Payout Time
Secure
ACH Transfers

Stripe Connect Integration

Link your bank account through Stripe for secure rent collection and automatic deposits

🏦

Direct Bank Deposits

Rent payments deposit directly to your linked bank account via Stripe Connect. No manual transfers needed. Funds arrive in 2-3 business days after tenants pay.

🔐

Stripe Security

Bank-level encryption from Stripe. PCI-DSS Level 1 certified. Your bank credentials are never stored in MyRentalSpot. Stripe handles all sensitive data securely.

💳

Multiple Payment Methods

Accept ACH bank transfers (free for tenants) and all major credit/debit cards. Tenants choose their preferred payment method. All payments route through Stripe to your account.

📊

Automatic Reconciliation

Every payment in MyRentalSpot automatically syncs with your Stripe account. See real-time payment status. Transaction history matches your bank deposits perfectly.

🏘️

Multiple Property Support

Link different properties to different bank accounts. Or use one primary account for all rent collection. Flexible setup for your portfolio structure.

⚡

5-Minute Setup

Connect your bank account in minutes through Stripe's secure onboarding. Verify your identity with government ID. Start accepting rent payments immediately after approval.

Banking & Payment Methods Page

Banking & Payment Methods

Manage how you receive rent payments and make outgoing payments

Where I Receive Rent Payments
How I Make Payments
SELECT RECEIVING ACCOUNT TO VIEW

View properties and payout details for each account

✓
6789
1 property
6789
0 properties
✓ Active
Bank Account
Primary Rent Collection
BANK
STRIPE TEST BANK
ACCOUNT NUMBER
•••• 6789
LAST USED
Never
TOTAL MONTHLY RENT
$3,500.00
🏠 Properties Linked to This Account
Rent from these properties will be deposited to this account
PROPERTY UNIT RENTER MONTHLY RENT STATUS ACTIONS
56 Longridge Road 2 Seandan Test $3,500.00 Active Change Account
ℹ️ Payout Information
Stripe Payout Status Enabled
System Payout Status Enabled
Available soon
$0.00
Available
$0.00
💵
No Payout History
Payouts will appear here once rent is collected
📋 All Receiving Accounts
2 active accounts
✓
6789
STRIPE TEST BANK
Units
1
Monthly Rent
$3,500.00
6789
STRIPE TEST BANK
Units
0
Monthly Rent
$0.00
+
Add Receiving Account
Connect a new account
🛡️ Account Status
Transfers Active
Card Payments Active

Stripe Connect Registration

1
Personal Info
2
Bank Account
3
Verification

Register Payment Account

Set up your Stripe account to receive rent payments via ACH transfer. Your information must match IRS records to verify your identity and keep your payouts secure.

Personal Information

Enter your legal name exactly as it appears on your tax documents

Note: Enter your name exactly as it is recorded with the IRS

Upload a government-issued ID to verify your identity

📄
Click to upload ID document
Driver's license, passport, or state ID
Document Requirements:
✓ Document shows exactly this information: My Rental Spot Demo
✓ Document is in color and clearly readable
✓ All four corners of the document are visible

Last 4 digits only for verification

🔐 Stripe Connect Security

MyRentalSpot uses Stripe Connect for bank account integration. Stripe is a PCI-DSS Level 1 certified payment processor trusted by millions of businesses worldwide. Your bank credentials are never stored in MyRentalSpot - all sensitive data is handled securely by Stripe with bank-level encryption.

  • PCI-DSS Level 1 certified processing
  • Bank-level 256-bit encryption
  • Credentials never stored in MyRentalSpot
  • Two-factor authentication support
  • Secure OAuth connection flow
  • Stripe handles all sensitive data
  • Automatic fraud detection
  • Daily security audits
  • 99.99% uptime SLA
  • Compliance with financial regulations

💰 Direct Deposit Payouts

Rent payments are deposited directly to your linked bank account via Stripe. Funds typically arrive 2-3 business days after a tenant pays. You can connect any US bank account during the Stripe Connect registration process. No manual transfers or additional steps required.

  • Direct deposits to your bank account
  • 2-3 business day payout timing
  • Automatic deposits after tenant payments
  • Connect any US bank account
  • No manual transfer steps
  • Payout schedule visibility in dashboard
  • Complete transaction history
  • Email notifications for payouts
  • Instant payout option available (fee applies)
  • Payout failures auto-retry

🏘️ Multi-Property Account Management

Link different properties to different bank accounts based on your portfolio structure. Perfect for property managers handling multiple owners or landlords with properties in different entities. Each property's rent deposits to its designated account automatically.

  • Multiple Stripe accounts supported
  • Link properties to specific accounts
  • One primary account or multiple
  • Property-to-account mapping
  • Easy account switching
  • Per-account transaction reports
  • Different accounts for different owners
  • Flexible portfolio management
  • Account status monitoring
  • Real-time account balances

Frequently Asked Questions

Q: How do I connect my bank account to MyRentalSpot?
A: Click "Banking & Payment Methods" in your MyRentalSpot settings, then "Add Receiving Account". You'll be guided through Stripe Connect's secure 3-step registration: (1) Personal information and identity verification with government ID, (2) Bank account details with micro-deposit verification, (3) Review and confirm. The process takes about 5-10 minutes and your bank account is connected immediately after approval.
Q: Is Stripe Connect secure for linking my bank account?
A: Yes! Stripe Connect uses bank-level 256-bit encryption and is PCI-DSS Level 1 certified - the highest security standard in payments. Your bank credentials are never stored in MyRentalSpot. Stripe only has permission to deposit funds into your account, not withdraw them. Stripe processes billions of dollars annually for millions of businesses worldwide.
Q: How long does it take to receive rent payments in my bank account?
A: Standard Stripe payouts arrive in your bank account 2-3 business days after a tenant pays rent. For example, if a tenant pays on Monday, funds typically arrive in your account by Wednesday or Thursday. Stripe offers instant payouts (1.5% fee) for eligible accounts if you need funds faster. All payout schedules are visible in your MyRentalSpot dashboard.
Q: Can I link multiple bank accounts for different properties?
A: Yes! You can connect multiple Stripe accounts and link different properties to different bank accounts. This is perfect if you manage properties for multiple owners or have properties in different business entities. Each property's rent automatically deposits to its designated account. You can change property-to-account assignments anytime.
Q: What if my bank information changes?
A: You can update your bank account information anytime through your Stripe dashboard settings. Stripe will send micro-deposits to verify the new account (1-2 business days). Once verified, future rent payments will deposit to the new account automatically. Your payout schedule continues uninterrupted during the verification process.
Q: Why do I need to verify my identity with a government ID?
A: Stripe requires identity verification to comply with federal regulations (Know Your Customer laws) and prevent fraud. You'll upload a driver's license, passport, or state ID, plus provide your SSN (last 4 digits). This protects both you and your tenants by ensuring all parties are properly verified. The verification process is secure and your information is encrypted.

Connect Your Bank Account Today

Secure Stripe Connect integration for automatic rent deposits

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