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Is when a tenant provide you with a security deposit and by law it needs to be put in a bank under interest bearing account.
June 23, 2015 08:16:43 AM
In reply to Rebeca, Caldwell
Hey Rebeca! Thank you for stopping by TD Helps and we appreciate you considering us for your banking needs.
Here at TD Bank, we provide an assortment of interest bearing accounts to choose from. Take a look here: http://bit.ly/1pJT9I9 to view the different types of interest bearing Savings accounts we are currently offering.
Since you referred to a security deposit, we recommend you to inquire about an Escrow account. A rental security deposit account is a type of Escrow account, which is used by landlords who are renting properties with long term tenants.
To open an Escrow account, the landlord must visit us at any TD Store location, during lobby hours. Please note that the tenant does not have to be present at the opening of the account. If the tenant is to be responsible for the taxes please bring a completed W-9 form for the Tenant to the opening of the account. Here is a copy of the W-9 form: http://1.usa.gov/1gkV6oH ; which can be printed and filled out ahead of time. When you go to the TD Bank Store to open the account, you also need to present valid identification, as well as copy of the Lease. Click here: http://bit.ly/TDStores to find a list of TD Bank locations.
If you have any additional questions, please feel free to reach out to our Banking Specialists 24/7 at 888-751-9000.Thanks again for joining us, Rebeca. We are looking forward to meeting you at one of our Stores soon.
LiShu R, Mount Laurel
June 23, 2015 08:17:29 AM