Just got an email about new cash management terms starting April 1st, which include considerably reduced interest, limited deposits, and limited withdrawals which is probably the most concerning for me. I’m a “pro” member, have 3 rental homes, and under the new limits I’d be limited to $8k/mo in withdrawals on a 40K balance. I just turned over a tenant on one property and between security deposit return, painting, carpet, repairs, travel, etc, I hit $8 and that doesn’t include regular monthly expenses like mortgages. It’s not a typical month, but I literally wouldn’t have been able to pay all my bills using my “pro” business account. Is anyone else seeing a problem with this?
Yes, I only have one rental with Stessa, I am a pro member as well. They dropped the interest rates so low it isnt really worth keeping cash here.