The first win-win solution
Whale is a renter-owned, high-yield savings account that locks for a renter’s lease term, ensuring landlords have access to the full security deposit before it's returned electronically at lease end.
Advisory services are offered by Build Whale, Inc., an SEC-registered Investment Advisor. Funds are held by Alpaca, member FINRA SIPC. Each renter’s account is FDIC-insured up to $1,000,000.
Whale Deposit Checklist
- Sign up for Whale
- Grant PMS access
Traditional Deposit Checklist
- Review jurisdictional requirements
- Request security deposit
- Wait for paper check
- Open bank account for tenant
- Deposit funds
- Use interest bearing account
- Provide deposit receipt
- Hold deposit during tenancy
- Track return deadlines
- Pay interest earned
- Split roommate refunds
- Answer renter inquiries
- Request check from accounting
- Print checks
- Get forwarding address
- Pack envelopes
- Add stamp
- Mail envelope
- Handle returned checks
- Make additional attempts
- Apply move-out charge to ledger
How it works
Trusted by Landlords
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Mark Chrisman
"Eliminating the burden of administering thousands of security deposits each year has been a huge win for our operations, finance, and on-site teams. Our residents love that they're earning money each month and are pleased to get their deposit back instantly when they move-out. Talk about a win-win."
Landlord - Haven Residential, 14,000 units
.avif)
Tommy Ostendorf
"When I saw the tenant's deposit in Whale and off my books it was a good feeling. Like relieving me of a burden. I was a little concerned about the process and making the change, but it was so easy and that feeling of relief makes it feel like Whale should be a no brainer for landlords."
Landlord - 15 units
Frequently asked
Ready to see Whale in action?
