No, you do not have to open a bank account with Azibo. You can utilize the transaction management services, reporting, and rent collection tools with any existing bank account you might have.
You can link any existing bank account to the platform to collect rent. Each property can have its own designated rent/deposit receiving account. There is no limit to the number of bank accounts you can link to the platform!
There are many benefits to utilizing Azibo banking services:
- No monthly fees, no minimum balance requirements, unlimited monthly transactions
- Free online bill payment tools
- Free ACH payments
- 1% Cashback Azibo *Mastercard® Debit Card
- Same day ACH transfers
- Wires in and out
- FDIC-insured checking account
- *0.15% Annual Percentage Yield *the rate may change for variable rate accounts
Piermont Bank
4 Bryant Park, 3rd Floor
New York, NY 10018
*The Azibo Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
Azibo is a financial technology company with Banking services provided by Piermont Bank; Member FDIC