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Bank Sync — My Rental Spot
🏦 Property Manager Feature

Bank Sync

Connect your bank account with Stripe Connect to receive rent payments directly. Secure ACH transfers and automatic reconciliation with MyRentalSpot.

Get Started Free See Setup Process
Stripe
Connect Platform
2-3 Days
Payout Time
Secure
ACH Transfers
Spot holding bank building and security shield
Stripe Connect Integration

Secure Bank Account Linking

Link your bank account through Stripe for secure rent collection and automatic deposits

🏦

Direct Bank Deposits

Rent payments deposit directly to your linked bank account via Stripe Connect. No manual transfers needed. Funds arrive in 2-3 business days.

🔐

Stripe Security

Bank-level encryption from Stripe. PCI-DSS Level 1 certified. Your bank credentials are never stored in MyRentalSpot.

💳

Multiple Payment Methods

Accept ACH bank transfers (free for tenants) and all major credit/debit cards. Tenants choose their preferred method.

📊

Automatic Reconciliation

Every payment automatically syncs with your Stripe account. See real-time payment status and matching transaction history.

🏘️

Multiple Property Support

Link different properties to different bank accounts. Or use one primary account for all rent collection. Flexible setup.

⚡

5-Minute Setup

Connect your bank account in minutes through Stripe's secure onboarding. Verify your identity and start accepting rent payments.

See It in Action

Banking & Payment Methods

Manage how you receive rent payments and make outgoing payments

myrentalspot.com/banking
Where I Receive Rent Payments
How I Make Payments
Select Receiving Account
✓
6789
1 property
6789
0 properties
✓ Active
Bank Account
Primary Rent Collection
⚙ Edit
Bank
STRIPE TEST BANK
Account Number
•••• 6789
Last Used
Never
Total Monthly Rent
$3,500.00
🏠 Properties Linked to This Account
Rent from these properties will be deposited to this account
+ Link Property
Property
Unit
Renter
Monthly Rent
Status
Actions
56 Longridge Road
2
Seandan Test
$3,500.00
Active
Change Account
ℹ️ Payout Information
Stripe Payout StatusEnabled
System Payout StatusEnabled
Available soon
$0.00
Available
$0.00
💵
No Payout History
Payouts will appear here once rent is collected
📋 All Receiving Accounts
2 active accounts
✓
6789
STRIPE TEST BANK
Units
1
Monthly Rent
$3,500.00
6789
STRIPE TEST BANK
Units
0
Monthly Rent
$0.00
+
Add Receiving Account
Connect a new account
🛡️ Account Status
TransfersActive
Card PaymentsActive
Stripe Onboarding

Stripe Connect Registration

3-step setup process to link your bank account securely

myrentalspot.com/banking/register
1
Personal Info
2
Bank Account
3
Verification

Register Payment Account

Set up your Stripe account to receive rent payments via ACH transfer. Your information must match IRS records.

Personal Information

Enter your legal name exactly as it appears on your tax documents

Business/Company Name (optional)
Leave blank for personal account
First Name
My Rental Spot
Last Name
Demo

Note: Enter your name exactly as it is recorded with the IRS

Email Address
landlord@email.com
Phone Number
(510) 555-1234
Date of Birth
Month
December
Day
31
Year
1990
Address
Street Address
123 Demo Street
City
Sample City
State
California
ZIP Code
94563
Country
United States
Identity Verification
Identity Document
📄
Click to upload ID document
Driver's license, passport, or state ID
Document Requirements:
✓ Document is in color and clearly readable
✓ All four corners of the document are visible
Social Security Number (SSN)
•••-••-••••

Last 4 digits only for verification

I agree to MyRentalSpot's Terms of Service and Privacy Policy, and authorize Stripe to verify my identity and process payments on my behalf.
← Back
Continue to Bank Setup →
Feature Details

Everything Under the Hood

🔐 Stripe Connect Security

MyRentalSpot uses Stripe Connect for bank account integration. Stripe is PCI-DSS Level 1 certified — the highest security standard in payments. Your bank credentials are never stored in MyRentalSpot.

  • PCI-DSS Level 1 certified processing
  • Bank-level 256-bit encryption
  • Credentials never stored in MyRentalSpot
  • Two-factor authentication support
  • Secure OAuth connection flow
  • Stripe handles all sensitive data
  • Automatic fraud detection
  • Daily security audits
  • 99.99% uptime SLA
  • Compliance with financial regulations
💳 Related: Payment Processing →

💰 Direct Deposit Payouts

Rent payments deposit directly to your linked bank account. Funds typically arrive 2-3 business days after a tenant pays. Connect any US bank account during Stripe registration.

  • Direct deposits to your bank account
  • 2-3 business day payout timing
  • Automatic deposits after tenant payments
  • Connect any US bank account
  • No manual transfer steps
  • Payout schedule visibility in dashboard
  • Complete transaction history
  • Email notifications for payouts
  • Instant payout option available
  • Payout failures auto-retry
📊 Related: Financial Reports →

🏘️ Multi-Property Account Management

Link different properties to different bank accounts. Perfect for property managers handling multiple owners or landlords with properties in different entities.

  • Multiple Stripe accounts supported
  • Link properties to specific accounts
  • One primary account or multiple
  • Property-to-account mapping
  • Easy account switching
  • Per-account transaction reports
  • Different accounts for different owners
  • Flexible portfolio management
  • Account status monitoring
  • Real-time account balances
🏠 Related: Property Management →
Common Questions

Frequently Asked Questions

Click "Banking & Payment Methods" in your settings, then "Add Receiving Account". You'll go through Stripe Connect's secure 3-step registration: personal information, bank account details, and identity verification. The process takes about 5-10 minutes.
Yes! Stripe uses bank-level 256-bit encryption and is PCI-DSS Level 1 certified. Your bank credentials are never stored in MyRentalSpot. Stripe only has permission to deposit funds, not withdraw them. Stripe processes billions annually for millions of businesses.
Standard Stripe payouts arrive 2-3 business days after a tenant pays. For example, if a tenant pays Monday, funds typically arrive by Wednesday or Thursday. Instant payouts (1.5% fee) are available for eligible accounts.
Yes! Connect multiple Stripe accounts and link different properties to different bank accounts. Perfect for managing properties for multiple owners or different business entities. Each property's rent automatically deposits to its designated account.
Update your bank account through Stripe dashboard settings. Stripe sends micro-deposits to verify the new account (1-2 business days). Once verified, future payments deposit to the new account. Your payout schedule continues uninterrupted.
Stripe requires identity verification to comply with federal Know Your Customer laws and prevent fraud. You'll upload a driver's license, passport, or state ID, plus provide your SSN (last 4 digits). This protects both you and your tenants.
✓ Free Forever · ✓ Unlimited Properties · ✓ No Credit Card

Connect Your Bank Account Today

Secure Stripe Connect integration for automatic rent deposits — all free.

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No credit card required. Free for property managers and landlords.