Keep More Cash in Your Pocket With a Game-Changing Deposit Alternative

Standby Deposits could help you secure your next apartment using credit rather than cash, freeing up your money for investments or savings

Advantages of a standby deposit alternative

Simplifying Your Rental Deposit Process

Low-cost monthly subscription
Most renters pay as low as $4 per month for a $1,000 Standby Deposit
Keep your cash where it belongs - with you
With no cash being held by your landlord, you can do more of what you want
Only pay what was used by your landlord
When your landlord utilizes a Standby Deposit, you're responsible for the amount owed. If nothing is owed, your standby deposit is cancelled.
Standby Deposit

A deposit, minus all the hassle

Keep your cash and sign up for a cost effective alternative with Standby Deposit

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

Ready to Get Started with Standby Deposits?

1

Sign Up

Create an account and apply for a Standby Deposit on our website or through an email link from the community you areapplying to
2

We do a quick check and create your Standby Deposit

Verify your identity and check your credit to determine eligibility
3

Get Approve for a Standby Deposit & Move-In

Once you're approved with Standby Deposits you'll pay a low-cost monthly subscription
How it works

What happens when you move out?

1

You're ready to move out

2

Your landlord completes an inspection

3

They use your Standby Deposit for any damages and you pay us the balance we covered

eligibility and terms

All you need to know

Eligability:
Everyone is eligible to apply
Only covers up to the amount of the required security deposit
Pricing starts as low as $4 per month for a $1,000 Standby Deposit
Terms:
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