ACH Deposits Now Available!
Direct Deposits for Homeowners
Automated Clearing House, or ACH, payments of rental income directly to homeowners’ personal accounts is now available from Padre Island Rentals. We are happy to send you a check, but if you would like proceeds from the rental income on your vacation property automatically deposited into your personal account, that service is now available via ACH deposits.
No more waiting for checks to arrive or having to run to the bank to make a deposit. All you need to do is complete the Padre Island Rentals Direct Deposit Authorization Form and get it back to us.
How do I obtain a form?
- A copy of the Padre Island Rentals Direct Deposit Authorization Form will be mailed to your January 2017 Statement, or
- Email us at firstname.lastname@example.org to request a form.
Where do I send the completed Form?
- You may mail the completed to Padre Island Rentals, Accounting Department, 3100 Padre Blvd, South Padre Island, TX 78597, or
- Scan and email the form to email@example.com.
When will I begin to see direct deposits?
When the March, 2017 Owner Statements are complete, which will be about April 15th, we will begin regularly sending payments to owners who have elected to participate in the service.
What about my paper Owner Statement?
On the Deposit Authorization Form, there is a checkbox for you to indicate if you would like your monthly Owner Statement mailed or emailed to you. While we may already have your email address, please include the email address you would like your Owner Statement sent to.
What if I want payments sent to my business account?
Systems are not yet in place for us to use ACH services for owners operating under a business name, those who use a Federal ID number or have business bank accounts setup to manage their vacation properties. When the option becomes available, we will let you know.
We look forward to making your life easier by enrolling you in this service. If you have any questions, please do not hesitate to let us know.