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By Mav - / Wednesday 6 February 2019 12:00 /
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By  zuckerburg  |  21

because having that kind of money in cash around won't end in disaster when someone breaks in and steals it? yea.... EFT (electronic funds transfer) using your online banking portal supplied by your bank. It's easier, more cost effective and the landlord gets it immediately. Its 2019 for fuck sake

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By  zuckerburg  |  21

because having that kind of money in cash around won't end in disaster when someone breaks in and steals it? yea.... EFT (electronic funds transfer) using your online banking portal supplied by your bank. It's easier, more cost effective and the landlord gets it immediately. Its 2019 for fuck sake

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Not all apartments take that, or if they do, they charge a processing fee as well. Mine didn’t take anything like that until my third year there and charged an extra $15 to do it. When you live paycheck to paycheck, $15 is a lot extra.

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  thisisbutaname  |  37

Processing fee? That's some real bullshit right there.
EFT are no doubt more convenient for everyone, and those fees are only a way to spill you more money.

Where I'm from, rent would be cash only if the whole deal is done without a contract to avoid taxes.

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  mssileas  |  19

Agreed, pretty sure just paying cash with no proof of the transaction is not even legal here. I don't want a couple hundred dollars cash just lying around, let alone a couple thousands from multiple tenants in the owner's case, that can't be a default procedure.
And I mean... they can charge a fee, just don't transfer it. They get the rent, end of story, they can't just take out extra money of your account. Sketchy af.

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  simmpandher  |  24

Not every landlord likes EFTs or email transfers.. or even cash. They want cheques or money orders/drafts.

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  alycion  |  32

And not everyone has a checking account. Some people can’t afford the fees if they can’t hold the minimum balance and don’t have direct deposit.

By  simmpandher  |  24

You could, potentially, give post dated cheques 3 months out OP. Landlord can't deposit those cheques till the date on the cheque. Cause, depending on where you're from and depending on the account you have, money orders/ drafts may cost you more than cheques. Also, if you feel you misplaced your money order, you could go back to the bank to replace it. They would check to see if it's outstanding, you'll sign a bond of indemnity (that's the procedure in Canada), and your money order/ draft would be replaced. Also keep in mind, I'm only talking in Canadian bank procedures as that's where I'm from and we don't have money orders anymore, only drafts. So I apologize if this isn't helpful but your bank should be able to help you out.