HOA Banking
HOA Deposit Accounts
HOA Basic Checking
Our Basic Checking account is just that - a basic checking account that gives community associations the option to write an unlimited number of checks per month, while incurring no monthly maintenance fees.
HOA Interest Checking
With our community association Interest Checking account, your community earns interest on funds, while enjoying unlimited checking transactions, no monthly maintenance charges, access to online banking and more.
HOA Money Market
Earn an attractive rate of interest on your community, homeowner or timeshare resort association's reserve funds, and make up to six withdrawals per month with no penalty.
HOA Certificates of Deposit
Receive a guaranteed rate for holding CDs for a given time period until maturity.3 Earn a higher interest rate when you choose a longer term.
HOA ICS® and CDARS® 4
Earn interest and access multi-million-dollar FDIC insurance through Sanson Royal Capitol’s offering of ICS®
and CDARS®.
HOA Cash Management
HOA Lockbox5
Use this cash management service to accelerate the collection of association assessments, allowing your communities to have the cash they need when they need it. When owners pay their assessments via physical check, they send payments to a post office box that we establish on your behalf. Then, when payments are received, the checks are quickly delivered to our Lockbox center where they're processed and deposited to associations' accounts each day. Management companies are provided lockbox activity reports, which include remittance information, notes and documentation, on a daily basis.
HOA Online Banking6
Get high-performance, 24 hour-a-day online banking and cash management, plus seamless, cross-platform integration with
ecommerce, core banking and imaging systems. Online cash management services include Automated Clearing House (ACH)
Origination, which enables you to generate and modify ACH files within any online banking session.
HOA Remote Deposit7
Now, you can deposit checks electronically from your office or remote locations, so you no longer have to get to the
bank before the end of the day. Remote Deposit lets you make deposits with same-day posting, anytime Monday through
Friday up to 1:00 p.m. Pacific Time.
Automated Clearing House
With ACH, you can quickly and easily make transfers between accounts, including payments of community association
assessments. This service lowers costs and reduces the time needed to process homeowner payments and other transactions.
Automatic Account Reconciliation
Reconcile your banking activity online daily in real time, and avoid having to wait for bank statements to show up in
the mail. By using Automatic Account Reconciliation daily, at the end of the month, you’ll be ready to produce financial
statements without the burden of hand reconciling each bank account.
HOA Assessment Payment Services for Homeowners
Pay by eCheck
Homeowners can make a one-time assessment payments with just a few clicks. Payments made with eCheck will take up to
four days to process.
To setup an eCheck or recurring payment, please contact your community management company or access your
association’s website.
Pay by Credit Card
Our convenient assessment payment service accepts Visa®, MasterCard®, American Express® and Discover® Card, with
minimal fees. Payments made by credit card may take up to five days to process.
To setup a credit card payment, please contact your community management company or access your association’s
website.
Pay by Direct Debit
Homeowners can have their assessments taken directly out of their accounts each month, for free. Since it’s
automatic, they won’t have to worry about remembering to make payments. Moreover, this option removes the management
company from ACH transactions, and reduces the higher fraud risk associated with other payment methods
Pay by Mail
Homeowners can write checks for assessment fees and mail them to our Lockbox8 center, where they will be quickly
processed and deposited.
Industry Insights & Analysis
1. Refer to the disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
2. Withdrawal transaction limits apply. Refer to disclosures provided at account opening and the Schedule of Fees and Charges for additional information
3. Early withdrawal penalties may apply
4. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. ICS and CDARS are registered service marks of IntraFi Network LLC.
5. Funds deposited through the Lockbox will follow Sanson Royal Capitol’s funds availability policy as outlined in the community association’s Deposit Account Agreement Disclosure.
6. Fees may be imposed for additional services related to online banking. Refer to Business Online Banking Setup and Authorization for more information.
7. A Business Checking account required. Other related fees may apply. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information. Funds deposited through Remote Deposit Capture will follow Sanson Royal Capitol’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.
8. Funds deposited through the Lockbox will follow Sanson Royal Capitol’s funds availability policy as outlined in the community association’s Deposit Account Agreement Disclosure.