ZDeposit

Handling security deposits used to be a nightmare. Not anymore.

No core integration necessary: ZDeposit requires very minimal implementation resources.

Compliance made easy: It has built-in workflows to facilitate compliance with any state-specific landlord and tenant laws.

Secure for all parties: Our platform handles all the security protocols to protect your data as well as your clients’ (and their customers’) sensitive data.

“Sticky” low-cost core deposits: Your institution holds all security deposits as core deposits.

Branded for your institution: Your brand is incorporated into the user interface to protect your client relationships and offer a consistent user experience.

Robust support: We provide tier-one support for both payees and tenants, including transaction processing, ID verification, staff training, marketing resources, and a dedicated support representative for your institution.

ZDeposit allows your clients to create and manage security deposits from a unified digital interface.

Security deposits are subject to a wide range of state and even municipal regulations. ZDeposit’s easy digital interface facilitates all the compliance paperwork and stipulations, including:

• Beneficial ownership form

• Verification of requirements and information for landlords and tenants

• Funding

• Notifications, statements, and disclosures for landlords and tenants

• Allocating and dispensing interest payments

• W9 and W8 forms

Your commercial clients will enjoy:

• Digital account opening

• State and municipal-level compliance tools

• Comprehensive online dashboard

• Best-in-class transparency

• Anywhere, anytime access

Tenants love:

• Digital account opening

• Convenient online dashboard

• Best-in-class transparency

• Safety and soundness

• Anywhere, anytime access

• Always free to use

“We started with ZRent, and asked ourselves: ‘how do we make it easier for our clients to bring their money into us. Is there something we can automate for them to make their lives and their jobs more efficient?’ And then ZDeposit was next, with the compliance and making sure all the forms and things were correct. It lets us maximize our relationship with our clients, ‘share-of-wallet’ for us is huge.”

Marc Romvos

Senior Vice President of Business and Government Banking,
Leader Bank