HOA Banking

View of a neighborhood from the street

HOA Deposit Accounts

Choose from a full spectrum of deposit accounts for your community, homeowners or timeshare resort association. Our Alliance Association Banking team offers everything from interest-paying HOA checking1 to money market accounts2 to CDs1. Earn interest, enjoy no-fee services and select the types of accounts most suited to your business needs.

HOA Basic Checking

Our Basic Checking account is just that - a basic checking account that gives community associations the option to write an unlimited number of checks per month, while incurring no monthly maintenance fees.

HOA Basic Checking

HOA Interest Checking

With our community association Interest Checking account, your community earns interest on funds, while enjoying unlimited checking transactions, no monthly maintenance charges, access to online banking and more.

HOA Interest Checking

HOA Money Market

Earn an attractive rate of interest on your community, homeowner or timeshare resort association's reserve funds, and make up to six withdrawals per month with no penalty.

HOA Money Market

HOA Certificates of Deposit

Receive a guaranteed rate for holding CDs for a given time period until maturity.3 Earn a higher interest rate when you choose a longer term. 

HOA Certificates of Deposit

HOA ICS® and CDARS® 4

Earn interest and access multi-million-dollar FDIC insurance through Western Alliance Bank’s offering of ICS® and CDARS®.

HOA ICS & CDARS

HOA Cash Management

The Alliance Association Banking group at Western Alliance Bank offers comprehensive cash management services for your community, homeowners or timeshare resort association. These services help you efficiently collect receivables, manage payables, monitor account activity and maximize investments—all to make your cash work harder for you.

HOA Lockbox5

Use this cash management service to accelerate the collection of association assessments, allowing your communities to have the cash they need when they need it. When owners pay their assessments via physical check, they send payments to a post office box that we establish on your behalf. Then, when payments are received, the checks are quickly delivered to our Lockbox center where they're processed and deposited to associations' accounts each day. Management companies are provided lockbox activity reports, which include remittance information, notes and documentation, on a daily basis. 

HOA Lockbox

HOA Online Banking6

Get high-performance, 24 hour-a-day online banking and cash management, plus seamless, cross-platform integration with ecommerce, core banking and imaging systems. Online cash management services include Automated Clearing House (ACH) Origination, which enables you to generate and modify ACH files within any online banking session.

HOA Online Banking

HOA Remote Deposit7

Now, you can deposit checks electronically from your office or remote locations, so you no longer have to get to the bank before the end of the day. Remote Deposit lets you make deposits with same-day posting, anytime Monday through Friday up to 1:00 p.m. Pacific Time.

HOA Remote Deposit

Automated Clearing House

With ACH, you can quickly and easily make transfers between accounts, including payments of community association assessments. This service lowers costs and reduces the time needed to process homeowner payments and other transactions.

Automated Clearing House

Automatic Account Reconciliation

Reconcile your banking activity online daily in real time, and avoid having to wait for bank statements to show up in the mail. By using Automatic Account Reconciliation daily, at the end of the month, you’ll be ready to produce financial statements without the burden of hand reconciling each bank account.

Automated Account Reconcilliation

HOA Assessment Payment Services for Homeowners

Our Alliance Association Banking team group homeowners a wide range of options for making community, homeowners and timeshare resort association assessment payments. 

Pay by eCheck

Homeowners can make a one-time assessment payments with just a few clicks. Payments made with eCheck will take up to four days to process.

To setup an eCheck or recurring payment, please contact your community management company or access your association’s website.

Pay by Credit Card

Our convenient assessment payment service accepts Visa®, MasterCard®, American Express® and Discover® Card, with minimal fees. Payments made by credit card may take up to five days to process.

To setup a credit card payment, please contact your community management company or access your association’s website.

Pay by Direct Debit

Homeowners can have their assessments taken directly out of their accounts each month, for free. Since it’s automatic, they won’t have to worry about remembering to make payments. Moreover, this option removes the management company from ACH transactions, and reduces the higher fraud risk associated with other payment methods

Contact Us to Learn More

Pay by Mail

Homeowners can write checks for assessment fees and mail them to our Lockbox8 center, where they will be quickly processed and deposited.

HOA Lockbox

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1. Refer to the disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
2. Withdrawal transaction limits apply. Refer to disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
3. Early withdrawal penalties may apply.
4. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. ICS and CDARS are registered service marks of IntraFi Network LLC.
5. Funds deposited through the Lockbox will follow Western Alliance Bank’s funds availability policy as outlined in the community association’s Deposit Account Agreement Disclosure.
6. Fees may be imposed for additional services related to online banking. Refer to Business Online Banking Setup and Authorization for more information.
7. A Business Checking account required. Other related fees may apply. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information. Funds deposited through Remote Deposit Capture will follow Western Alliance Bank’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.
8. Funds deposited through the Lockbox will follow Western Alliance Bank’s funds availability policy as outlined in the community association’s Deposit Account Agreement Disclosure.