Receiving payment for move-out charges
When configuring a property to use Whale, you'll specify the bank account where you'd like payments for move-out charges sent. Whale encrypts and securely stores your bank information so we can automatically ACH you payments as move-outs are processed.
ACH transfers typically take 1-3 business days to complete.
Applying payments to the renter's account
Yardi integrations:
As soon as the funds settle in your bank account, Whale automatically posts the payment to the renter's ledger in Yardi.
All other integrations:
As soon as the funds settle in your bank account, Whale sends an email notification to the property with the transfer reference ID, total amount sent, and a breakdown of the payments sent by renter (renter name, amount, and lease ID).
The property must then apply each payment to each renter's account.
Coming soon
Whale will soon be able to help you collect payment when move-out charges exceed the deposit held with Whale Collect. Contact us if you'd like to learn more.