Thank you for choosing to partner with us at Premium Beach Condos, and thanks to the many owners that helped us beta test the Zelle payment system over the last few months!  We’re now ready to make some of these new procedures and policies permanent.

To streamline our payment process, we have established the following payment policy for property owners:

1. Fastest Payment Method: Our fastest payment method is Zelle. Property owners are encouraged to sign up for Zelle to facilitate seamless and earlier payouts.
   • Early Payment Date:  Payouts to owners will be processed on or before the 15th of each month for property owners registered and utilizing Zelle.  Payments from owners to Premium Beach Condos will be requested on or before the 10th of the month, and due on the 20th.
     IMPORTANT NOTE:  Due to Zelle daily limits, payouts may be divided into smaller payments across several days if necessary.  In those cases we will alert you in advance.  Daily limits are $7,500.  We may also choose to send larger payments by ACH rather than delay your payment to an available date.
     • • Late Payments: In the event that any funds are outstanding and not received by the 20th of the month via Zelle, the request will be cancelled and the payment will automatically be processed via eCheck to ensure timely remittance.
2. Alternative Payment Method: For property owners who prefer an alternative to Zelle, or prefer a predictable and consistent date for payout:
   • ACH Transfer: Payouts to owners will be made via ACH transfer on the 20th of each month.
   • Payment Receipt:  Payments from these property owners will be automatically processed via eCheck on the 20th of the month.

Please Note:

• It is encouraged for property owners to opt for Zelle for expedited and efficient payments.
• All owners must have ACH payment and eCheck information on file.
• All property owners are responsible for ensuring sufficient funds are available in their accounts by the payment dates to avoid any payment processing issues.  Please refer to your contract for any applicable fees.  Late payments will also trigger the reserve fund that may currently be waived on your account.
• Any changes or updates to payment methods should be communicated to Jenny no later than the 5th of the month to ensure proper processing and no delay of payouts.

We appreciate your cooperation in adhering to this payment policy. If you have any questions or require assistance regarding payments, please contact Jenny at (937) 790-2292.