Dues Bank Draft
To increase efficiency, save your association money, and save you time, Prestige Management Group would like to invite you to participate in the Bank Draft Program. This is an opportunity to have access to a more convenient and safer way of paying your Association dues. If you choose to participate in the Bank Draft Program, you will not have to remember to write and mail a check each month or quarter!
Please note: bank draft is only available for HOAs who bill dues monthly or quarterly. It is not available for dues billed annually, but annual dues statement will be sent out for you.
How does the bank draft work? The homeowner completes and signs the authorization form and returns it to our office along with a voided check. Please specify your Association name and street address on the check. This information is then forwarded to the bank. The amount of the Association dues are initiated to be drafted from your account between the 12th and 15th day of the month. Depending on your bank, it may show up sooner or later out of your account. Should the Board of Directors choose to increase dues all homeowners are given notice at least thirty (30) days in advance to keep all owners up to date and aware of the amount to be drafted from their account.
The only requirement for participating in the Bank Draft Program is that all homeowners who wish to participate must have accounts that are current and not past due. If you have any questions please feel free to contact our office and we would be glad to assist you.