Eliminate your deposit - powered by your credit

Standby Deposits allow you to provide your landlord with a deposit using a credit line instead of cash - allowing you to invest or save your cash


A better way to provide a deposit

Lower Cost
Most renters pay around $4 per month for a $1,000 Standby Deposit
More Convenient
With no cash being held by your landlord, there is less hassle
Same as a deposit
If a Standby Deposit is used by your landlord, you are liable to pay. If it's not used, then it is simply cancelled.
Standby Deposit

A deposit, minus all the hassle

Keep your cash and sign up for an inexpensive Standby Deposit

Pay down other debts
Invest your cash
Just do something better with it
How it works

How do you get a Standby Deposit?


Sign Up

Create an account and apply for a Stanby Deposit- sometimes your landlord will have sent you a link to create an account

We do a few checks and create your Standby Deposit

Verify your identity and check your credit

Move in

Once you move in, you will be charged a monthly fee (as low as $4 per month) until the end of your lease
How it works

What happens when you move out?


Lease ends

You move out of the apartment

Your landlord does an inspection

Checks if there is damage to the apartment or unpaid rent/costs

The Standby Deposit is used if needed

If there is no damage or unpaid rent/costs, then the Standby Deposits is simply cancelled
eligibility and terms

All you need to know

Everyone is eligible
Pricing depends on your credit score
Pricing starts at $4 per month for a $1,000 Standby Deposit
You are liable to pay any damages or unpaid rent/costs
Exactly in the same way a cash deposit would be used by your landlord
A Standby Deposit is not insurance. It is a line of credit that you are liable for
Non-payment will effect your credit
Terms :
A Standby Deposit is a credit product
Instead of providing a cash deposit you sign up for a Standby Deposit
You pay a small monthly fee and move in
You treat the Standby Deposit like a normal deposit. You’re still liable to pay for any damages or unpaid rent / costs. Any dispute  should be handled using the same methods as if a cash deposit had been in place (I.e. Small claims court)
End of lease terms :
Your landlord does an inspection
If your landlord needs to use a Standby Deposit to cover damages or unpaid rent/costs then we will pay that cost up to the amount of the Standby Deposit
You are responsible for repaying a used Standby Deposit
No interested is charged for 30 days after a Standby Deposit is used. After that, we offer repayment over time with interest