Managing your Short-Term Rental revenues and expenses just got smarter with Clearing’s Zero Balance Account feature!

Property owners often face challenges when managing multiple properties with a limited number of bank accounts. This leads to confusion when analyzing bank statements, as transactions from various sources like Stripe, Vrbo, and Airbnb appear together without much-clarifying information. Further, relying on one or two main bank accounts poses a risk to your business. If your account becomes compromised, your entire funds are at stake.

With Clearing, you can easily set up multiple zero-balance accounts which are connected to a main balance, providing a convenient way to organize your flow of funds. The best part is that you can still keep your existing bank account.

Each zero-balance account is assigned a unique account number, and the money transferred to these zero-balance accounts flows directly into your main balance. Similarly, when paying with a zero-balance account, funds are debited from the main balance. This allows property managers to categorize their income and make payments for different utilities using separate zero-balance accounts. A zero-balance account can also be opened for a one-time transaction and closed right after.

Opening and closing these accounts is a breeze, ensuring complete control over your financial management and book of accounts.

We now offer a seamless way to separate your funds, and leverage all the benefits that zero-balance bank accounts have to offer!

Ready to experience the benefits of Zero Balance Accounts with Clearing?

Request a demo today!

Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

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