Skip to main content

Opening a Property Management Account

This article outlines the process and requirements for opening a realty management account with us. This type of account is specifically for property management companies that manage accounts on behalf of their clients.

Anastasia Mushtaev avatar
Written by Anastasia Mushtaev
Updated over a month ago

What You’ll Need to Get Started:

To ensure a smooth account opening process, please gather the following documentation and information:

  • Organizational Documents for Your Management Company: This includes documents such as articles of incorporation, organization, trust documents, etc.

  • Organizational Documents for Your Client: We need documentation that shows the officers or trustees of your client who are authorized to sign the management agreement.

  • Property Management Agreement: A copy of the agreement between your company and the property owner.

  • W-9 for the Property Owner: Required for tax reporting purposes on interest-bearing accounts. The account will report to the property owner's tax ID.

  • Beneficial Ownership Information: Be prepared to provide beneficial ownership information for your realty management company.

Available Products and Services:

  • Business Checking

  • Business Money Market

  • Certificate of Deposit

  • Debit Card (Checking Only)

  • Business Online Banking

  • Wires

  • ACH Origination

Where to Go for Help:

If you have any questions or need assistance with the account opening process, please contact our Cash Management Team at 781-783-1701.

This information is intended as a general guide. Specific requirements may vary.

Did this answer your question?