BANKING BY INDUSTRY

Business Banking for Property Managers at Partners Bank

Managing a rental portfolio, apartment complex, or condo association in New Hampshire or Maine means money is always moving, with an influx of payments from multiple tenants, contractors and/or vendors to pay, and payroll to run. Partners Bank offers banking services built around how property management businesses actually operate, so the financial side doesn't add to an already full plate.

Meet the Commercial Banking Team

SERVICES

Services for Property Management Businesses

Partners Bank brings together the tools property managers rely on to handle incoming payments and outgoing expenses efficiently.

Cash Management and ACH Origination

For vendor, contractor, and payroll payments.

Lockbox Service

Tenant checks mailed directly to a Partners Bank-maintained PO box, credited same day.

Daily Payment File

For accounts receivable updates.

Remote Deposit Capture

For electronic check deposits from your office.

User Rights Management

Control which accounts employees can access.

Online Account and Check Review

Review accounts and checks online.

Next-Day Electronic Payments

Next-day electronic vendor and contractor payments.

Wire Transfer Initiation

Initiate wire transfers through Partners Bank.

RENT COLLECTION

Two Ways to Handle Rent Collection

For property managers dealing with a monthly influx of checks across multiple tenants, getting those deposits processed quickly matters. Partners Bank offers two options depending on how hands-on you want to be.

With Lockbox Service, tenant payments are mailed directly to a post office box maintained by Partners Bank. Mail is picked up throughout the day and payments are credited to your account the same day they're received. You also receive a daily payment file for accounts receivable updates, which are useful for staying on top of who has and hasn't paid without manually reconciling deposits.

If you prefer to handle checks yourself but want to avoid branch trips, Remote Deposit Capture lets you scan checks from your office using a desktop scanner connected to your PC and deposits them electronically. It's secure, reduces the risk of deposit errors, and allows unlimited deposits from your place of business.

Explore our Cash Management Services

QUESTIONS

Frequently Asked Questions

Lockbox Service allows your tenants to mail payments directly to a post office box maintained by Partners Bank. Checks are picked up and processed throughout the day, with funds credited to your account the same day they're received. You receive a daily payment file to keep your accounts receivable up to date.

Lockbox Service handles check collection on your behalf: tenants mail payments directly to Partners, and you receive a daily reconciliation file. Remote Deposit Capture keeps check handling in your office, using a desktop scanner to deposit checks electronically without a branch visit. Both eliminate the need to drive to the bank.

Yes. Partners Bank's Cash Management tools allow you to establish user rights so employees can view designated accounts and perform specific functions without full account access.

Yes. Through ACH Origination, you can pay vendors and contractors electronically with next-day availability, originate payroll direct deposit, and schedule payments in advance so nothing gets missed.

Yes. Wire transfer initiation is available through Partners Bank's Cash Management platform.