Managing security deposits just got easy
Deposify’s technology solves all the problems with cash security deposits for Owners – saving time and money by automating compliance with local laws, simplifying payments & banking and resolving deposit related disputes.
We take the complexity out of cash security deposits.
Security deposits are the property of Residents by law and Owners are required to protect them. Deposify uses international best practice by creating a joint account with your Resident for the security deposit. Your Residents can transfer the security deposit anytime and anywhere with our easy payments technology.
- Creating In-State joint accounts
- Quick and easy acceptance and repayment of deposits
- No bank or payment charges
- Backed by trusted banking partners
Know everything about your Residents’ security deposits, instantly.
Deposify’s technology gives you an overview of all security deposits under management from volume and value to State by State analysis. Our smart alert system notifies you what security deposit requires attention, what action is needed and when. Deposify includes a searchable repository of all security deposit history and transactions.
Deposit management data visualisation, alert system and repository
Dedicated multi-person customer support teams assigned to each Owner
State by State compliance with local laws
Access our free dispute resolution process
No charge, no fees for Owners
That’s right, for Owners and Property Managers Deposify is completely free. Deposify charges 3% (up to a maximum of $49) which is deducted from the Deposit when it’s returned to the Resident.
Cost of security
It’s not just owners that love Deposify
With Deposify, Residents who worry about their security deposits can sleep easy knowing that their deposits are held by an independent third party - Residents get a joint account, easy payment options and access to our dispute resolution and advisory service at any time. Residents can also borrow the security deposit with Deposify.Apply now
For Property Managers
Property Managers can use the Deposify service on behalf of Owners to manage security deposits for free - Deposify also pays referral fees to Property Managers for recommending the service to Owners.Inquire today
Partnering with the best in the business.
Deposify has partnered with Assurant, multifamily housing’s leading risk management provider. A Fortune 500 company, Assurant offers customizable solutions for property management companies that span the entire resident lifecycle, from move-in to move-out.
“Our partnership with Deposify makes Assurant the industry’s only provider of a total deposit solution. We can now provide property owners and managers the benefits of cash deposits without the compliance hassles. Combined with our deposit alternatives, we can significantly reduce bad debt and improve occupancy while reducing administrative burdens for leasing staff.”
Deposify is now available in 43 states
Coming soon to Michigan, Iowa, North Dakota, Nebraska, New Mexico, Ohio and Oklahoma.