Business Solutions

Sustainability & Growth for Your Business

BUSINESS BANKING SOLUTIONS & KNOWLEDGE

Industry Focus

Real Estate Property Managers

If you’re a landlord, building agent or property manager, you know how time-consuming and complicated it can be to process tenant lease security deposits.

We offer customized tenant security deposit services for real estate owners, agents and managers of multifamily, residential, cooperative, condominium and commercial properties.

With our tenant security deposit services you can:

  • Increase your overall monthly/annual interest income
  • Retain earnings less than 1% as an administrative fee
  • Count on our timely reporting (weekly, monthly or quarterly)
  • Rely on an easy on-boarding process
  • Competitive interest rates at 0.50 basis points

We can simplify your administrative challenges by expediting new accounts, deposits and withdrawals and by promptly addressing your tenant lease security needs. Best of all, we handle many of the required administrative tasks for you:

  • Timely payment of total interest due
  • Collection and issuance of appropriate tax forms
  • Comprehensive, accurate IRS reporting

GET IN TOUCH WITH AN MCB BUSINESS BANKER

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