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Rent Collection

Questions about Rent Collection? See some of our most popular answers below!

Rent Collection
Which Financial Institutions are Supported for the Rent Collection Service?
The list of supported banks continues to grow. However, if your bank isn’t included, the micro deposit process will fail. If you don’t see your bank listed below, you can simply log into your online banking to link your account....
Wed, 27 Mar, 2024 at 5:17 PM
Rent Collection
Rent Collection Supported Institutions
Singlekey Rent collection services cover 95% of Canadian bank accounts through the following financial Institutions: ATB Financial BMO Bank of Montreal CIBC Coast Capital Savings CTBC Bank Corp. Desjardins Group Envision Financial, A Division of First West Credit Union HSBC...
Tue, 12 Mar, 2024 at 1:42 PM
Rent Collection
Does Rent Collection support personal and commercial properties?
Certainly, Rent Collection is designed to accommodate both personal and commercial properties. Should you be managing a commercial property, we kindly request that you contact us via phone. This will allow us to facilitate a brief verification process by asking...
Tue, 12 Mar, 2024 at 1:32 PM
Rent Collection
What is the maximum allowable rent via Rent Collection
Rent amounts up to $5000 are accepted. Amounts above this threshold please contact the head office at 1 877-978-1404, Was this article helpful? Yes No Submit Cancel Thank you for your feedback!
Tue, 12 Mar, 2024 at 1:25 PM
Rent Collection
What is Rent Collection?
You can streamline your rental income and avoid the hassle of checks and late payments with our Rent Collection tool. It works similar to a Pre-Authorized Debit system, it’s free for the first 3 tenants! You can schedule the start...
Tue, 05 Mar, 2024 at 7:29 AM
Rent Collection
Can we use Rent Collection to collect a one-time deposit / first and last month?
Currently, this is a feature that our system does not support. We can only collect monthly pre-authorized payments. We recommend collecting the security deposit/first and last month manually when signing the lease. Was this article helpful? Yes No Submit Cancel...
Tue, 19 Dec, 2023 at 8:26 AM
Rent Collection
Micro-Deposit Process
For our users’ and tenants’ financial security, our Risk Management team is required to verify bank information before we can activate rent collection accounts. We have introduced using micro-deposits to help verify banking information. After Submitting your bank account information...
Tue, 19 Dec, 2023 at 8:48 AM
Rent Collection
Update Landlord’s banking information
Update Banking Information: Step 1: To update the banking information, please navigate to the tenant’s rent collection contract and select the option “View Contract”. Step 2: On the “Rent Details” page, click “Change” under “Rent Deposit Account”. Step 3: Next, you will be brought...
Mon, 18 Dec, 2023 at 12:21 PM
Rent Collection
How do I create a new Rent Collection?
You can set up a new Rent Collection contract by following the steps below: Step 1: The first step is to log into your profile and navigate to “Rent Collection”. Step 2: Select “New Rent Collection” in the right corner. Step 3: You...
Wed, 24 Jan, 2024 at 11:15 AM
Rent Collection
How do I view my date of deposit for Rent Collection?
To view the Rent Collection date of deposit: Please login to your SingleKey account. Navigate to Rent Collection at the top toolbar. Under the tenant’s rent collection transaction history, you would be able to view the “Estimate Date of Deposit”...
Tue, 12 Dec, 2023 at 4:03 PM
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