Setting Up Your Payout Method

Payout setup

To receive your rental earnings, you need to set up a bank account for direct deposits.

During onboarding

1. In the setup wizard, navigate to the Payout step 2. Enter your bank account details: - Account holder name - Bank name - Routing number (9 digits) - Account number 3. Select account type (checking or savings) 4. Click Continue

Verification

We may send a small test deposit to verify your account. Once verified, all future payouts will go to this account.

Changing your payout method

To update your bank account: 1. Send a message to the Parcel team through the portal 2. Provide the new bank details 3. We will verify the new account 4. Future payouts will be sent to the new account

For security, bank account changes require identity verification.

Multiple properties

If you have multiple properties, payouts for all properties go to the same bank account by default. If you need payouts split between different accounts (e.g., for different LLCs), discuss this with the Parcel team.

Payout timing

After a payout is processed, funds typically arrive in your account within 2 to 3 business days.