Overview
Rent collection doesn’t need to mean chasing checks or paying high card fees. With ACH rent payments inside Simpli Management, tenants pay directly from their bank accounts and funds settle straight to your account. Everything runs on Stripe’s payments infrastructure for reliability and bank-level security—and we keep pricing transparent.
- Understand what ACH is (in plain English)
- See exactly how ACH works in Simpli (powered by Stripe)
- Get the accurate fee breakdown (0.8% capped at $5 for ACH debit, plus optional/edge-case fees)
- Follow simple steps to enable ACH and automate rent
- Compare ACH to checks, cards, and P2P apps
What Is ACH?
ACH (Automated Clearing House) is the U.S. network that moves money between bank accounts. Think direct deposit, online bill pay, and—yes—rent payments. Instead of writing a check, tenants authorize a bank transfer that pulls rent from their account and deposits it into yours.
How ACH Rent Payments Work in Simpli (via Stripe)
- Secure bank link: Tenants connect their bank account in Simpli using Stripe’s verification flow.
- Authorization: Tenants approve recurring monthly ACH debits for rent.
- Processing: On the due date, Simpli submits an ACH request through Stripe. Transactions are batched and routed through the ACH network.
- Settlement: Funds move from the tenant’s bank to your connected bank account. Typical settlement is 1–3 business days.
- Receipts & records: Payment confirmations, ledgers, and your rent roll update automatically in Simpli.
Note: Same-day ACH is available in many cases depending on bank cutoffs and eligibility.
Why Landlords & Tenants Prefer ACH in Simpli
- Lower cost: Compared to cards, ACH keeps fees down—great for high-ticket rent payments.
- On-time payments: Recurring debits reduce late payments and improve cash flow predictability.
- Bank-grade security: Stripe handles sensitive bank data with encryption and tokenization.
- Clean audit trail: Every transfer is logged, receipted, and reconciled in your Simpli dashboard.
- No hidden platform add-ons: Our pricing is straightforward—$2 per vacant unit and $5 per occupied unit/month. We don’t tack on mystery “payout” or “withdrawal” fees.
Fees for ACH in Simpli (Accurate & Transparent)
Simpli Management uses Stripe to process ACH. We don’t mark up Stripe’s ACH rates—what Stripe charges is what applies. Here’s the clear breakdown landlords should know:
| ACH Item | How Stripe Prices It | What It Means for Rent |
|---|---|---|
| ACH Direct Debit (pull-based) | 0.8% per transaction, capped at $5.00 | Most rent payments hit the $5 cap. Example: $1,200 rent → $5 ACH fee. |
| Faster 2-day settlement (where enabled) | 1.2% (replaces 0.8%) | Optional; used when faster availability is needed. |
| Instant bank account verification (when used) | ~$1.50 one-time per link | Applies if instant verification is selected (varies by setup). |
| Failed ACH / return | ~$4.00 per failed payment | Occurs if insufficient funds or account issues. |
| ACH dispute | ~$15.00 per dispute | Rare for authorized rent debits. |
| ACH Credit (push-based) | ~$1.00 flat per transaction | Great for one-off pushes; less ideal for automated rent pulls. |
Simpli’s platform pricing: $2 per vacant unit / $5 per occupied unit, per month.
* Stripe’s published prices can vary by region, account features, and eligibility. The figures above reflect common U.S. pricing patterns for ACH as of the publish date.
How to Set Up ACH Rent Payments in Simpli
- Enable payments: In your Simpli account, add your bank details and complete verification.
- Invite tenants: Tenants receive a portal invite to set up payments.
- Tenant links bank (Stripe): They connect and verify their bank account securely.
- Turn on auto-pay: Tenants authorize recurring ACH debits for the rent amount and due date.
- Monitor rent roll: Track sent/settled/failed in Simpli’s rent roll, ledgers, and reports.
Want us to walk you through it live? Schedule a demo.
ACH vs Other Rent Payment Methods
- Checks: Manual, slower, deposits required, and risk of NSF returns. ACH is automated and trackable.
- Credit/Debit Cards: Fast but higher % fees; great for flexibility, costly for rent amounts. ACH is typically far cheaper.
- Peer-to-Peer Apps: Handy for one-offs, but limited for automated recurring rent and back-office reconciliation.
- Cash: Immediate but risky and impossible to audit cleanly at scale.
Security & Compliance (Stripe + Simpli)
Simpli Management never stores raw bank credentials. Stripe handles bank linking, encryption, and sensitive data tokenization. ACH transactions run on a regulated network with strong protections, and Simpli keeps a full digital audit trail across your rent roll and accounting.
Frequently Asked Questions
Get Paid the Simpli Way
ACH rent payments through Simpli Management and Stripe give you lower costs, fewer headaches, and reliable on-time deposits. Keep operations simple—and your cash flow predictable.
