ACH (Automated Clearing House)

The PropertyBridge Payments Platform provides property management companies with the multifamily industry’s most sophisticated and robust solution for accepting Automated Clearing House (ACH) payments for rent. By accepting ACH payments, property management companies eliminate the administrative work involved in processing paper rent checks.

What is ACH?

An ACH transaction is essentially an electronic check, with funds being debited directly from the resident’s bank account. The resident simply enters their bank account and routing number to make a one time or recurring payment.

Benefits of PropertyBridge's ACH Solution:

• Low cost and efficient payment option
• Enables residents to draw funds directly from their checking or savings account
• Can be set up as a one-time or recurring payment

Features:

• Highly competitive rates
• One-time or recurring transactions
• Multiple channels: Online, Phone, Onsite

How Does it Work?

• Resident enters bank routing number (ABA#) and account number online, by phone, or in person
• PropertyBridge forwards bank routing number and account number to processor
• The routing number and account number are validated
• Processor forwards approve/decline results to PropertyBridge
• Date of payment appears in the PropertyBridge application in real-time
• If approved, PropertyBridge routes check for settlement through a processor to the ACH System
• Funds are deposited in the property management company’s bank account