Whale

Security deposits that just work. For everyone.

137 followers

Security deposits that just work. For everyone.

137 followers

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Work & Productivity

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Investing

Whale is the first win-win solution for security deposits. Renters earn up to 3.25% interest and get their deposit back faster. Landlords get a zero cost, zero risk, and zero work security deposit management solution integrated with their PMS. Each deposit is held in the renter's own FDIC-insured account but remains locked for the duration of the lease. After move-out, Whale deducts any money owed, sends to the landlord's bank account, and immediately releases the remainder for the renter.

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Launch tags:

Fintech•Business•Personal Finance

Launch Team / Built With

Casey Hingtgen

Whale

Maker

📌

Whale believes everyone deserves a chance to build wealth so we're transforming an overlooked opportunity—security deposits. For many, a large portion of their net worth is tied up in a costly security deposit where they earn little or nothing. With Whale, renters keep their money in their own high-yield savings account where it stays locked for the duration of their lease but they earn up to 3.25% interest for as long as the money is in their FDIC-insured account. After their landlord inspects their unit, their money is instantly released, less any damages. No more waiting weeks for checks in the mail! It's great for landlords, too. Complying with complex legal laws that differ by state and municipality is not only hard, but can lead to large legal fees and fines. It's also a big time suck: collecting payments, opening + managing accounts, and handling the return of the deposit eats up time that can be better spent on other to-dos. Please check it out and share your questions and comments.

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8mo ago

Drew Dunham

How easy is it to set this up with my landlord?

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7mo ago

Casey Hingtgen

Whale

Maker

@drew_dunham Hi Drew - great question. There's a one-time onboarding setup a landlord needs to do with Whale that takes 15-30 min depending on their property management software. Feel free to introduce us to your landlord here >> https://www.gowhale.com/share

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7mo ago