When will my rent payment be deposited?
ACH payments are deposited 3 to 5 business days after your tenant pays. Card payments are deposited in 1 to 3 business days. First payments, weekends and federal holidays can add time.
Standard deposit times
- ACH bank transfer: 3 to 5 business days. Your payout starts once we receive the money from your tenant’s bank.
- Credit or debit card: 1 to 3 business days. Your payout starts as soon as the payment is confirmed.
Check the deposit date for any payment on your Payments dashboard.
Why a deposit can take longer
- First payment: 7 to 10 business days while the banks set up your first transfer and trust & safety verifications are completed.
- Weekends and holidays: banks don’t process transfers on those days, so processing starts the next business day.
- New or rarely used account: we may hold the payout briefly while confirming the funds arrived.
- Account verification: if your account details don’t match, our payment partner Stripe will flag it and we’ll email you the steps to fix it.
- Missing tax information: payouts hold until we have a valid W-9 on file. It’s also required for your 1099-K.
Wondering what collecting rent costs? See the fees for collecting rent payments.