Azibo is upgrading its banking services and switching banking partners!
Account upgrades are happening now (Starting June 20th)
A notification will be sent to you email 3 days prior to your account being upgraded.
We will also notify you when the upgrade is complete. You will be receiving a new debit card and a new account and routing numbers.
How will my funds be migrated to my new account? Azibo will migrate your funds to your new account over a 24 hour period. The experience should be seamless for you. You will be notified 3 days before the funds migration begins. For more information on your migration status, you can check your bank account page. Once your funds are migrated, you will have access to your new account and routing information and the opportunity to activate your new debit card. You will see a transaction titled "Transfer from 716" which is the migration of funds from the old account to the new account.
Will my rent collection be impacted? There will be no impact on your ability to collect rent in your Azibo bank account. Once your funds are migrated, we will update your rent collection account such that rent is deposited into the correct Piermont bank account.
When will I receive my new debit card? Debit cards will be mailed to you before the funds migration process begins and should arrive within 5-7 days.
How to activate your debit card:
- Sign in to your Azibo account
- Navigate to the accounts page
- Click on “activate debit card” for the appropriate account
- Follow the on-screen prompts to create your PIN
What will happen to my old Azibo bank account? Starting June 20, 2022, your existing Azibo bank account will no longer be available for use. The debit card tied to this account will no longer be active and all other transactions into and out of your account will be blocked.
*If you have any outstanding payments that have not been settled, the total balance required to cover those payments will remain in the "old" account to ensure they are successful.
Will there be any changes to the capabilities of my bank account? All current banking benefits will remain, with the same high-yield interest rate on deposits in your account and 1% cash back on all eligible debit purchases using your Azibo debit card. Additionally, you will benefit from new capabilities such as virtual debit cards, sub-accounts, card access controls, and simple write transfers.
Upcoming features: The greatest benefit to the new banking experience is the rate at which Azibo will be able to add great new features in 2022:
- Virtual Cards
- Free sub-accounts: Save towards a specific goal/ project or keep your finances separated by property
- Card Access Controls: Control access to your Azibo bank account with the click of a button on the Azibo web app.
- Simple wire transfers: Quickly and easily pay your contractors or transfer money across accounts from the Azibo platform.