rent payment directly from checking account is it ok??

deepshikha · Nov 21, 2007

Hi friends, my new apartment management is giving me a deal of $150 off the move in rent if i agree to pay monthly rent directly through our checking account. I am not sure if it is ok to do so. Can you give me some opinions? Is it possible that they may keep charging us even if we opt to terminate our lease in the middle? is it ok to give the apt management charge of withdrawing rent from our account. Please help me decide. thanks

sunitha · Nov 21, 2007

As far as I understand this process,the apartment office cannot charge directly to your account.It is you who has to set up the process with your bank so that a check gets automatically generated every month and is sent to your apartment office. We have directed our bank to do the same and have been doing this for the past 3 yrs.The only difference in our case is that,the check comes to our home address every month and we go to the apartment office and drop it off personally.This way,we don't have to sit and wonder whether the check has reached them or not every month since we will be personally dropping it at their office.

rithi · Nov 21, 2007

You can give the checking ac. information but I think you can ask your bank people to run that transaction as credit. I'm not sure. I can ask around and get back to you later

rithi