FOR PROPERTIES

Not a deposit alternative. A new way entirely.

Whale turns the traditional security deposit upside down — a lockable, high-yield savings account for renters, secured for the landlord’s benefit at move-out.

Zero manual work. Total deposit automation.

Whale syncs directly with your PMS to request, manage, and return deposits automatically, at zero cost.

FOR RENTERS

Make deposits effortless for everyone.

Effortless for renters, automated for landlords. Whale does the heavy lifting so you can focus on people, not paperwork.

Purpose built for the modern landlord

Reduce admin, eliminate errors, and give your residents a better experience, all through Whale.

Stop chasing deposits

Whale handles deposit requests and automated reminders.

Say goodbye to checks

Electronically collect and return deposits instantly.

Happier residents

Renters see their deposit, earn interest, and get their money back faster.

Eliminate risk

100% compliant in Washington, D.C. and all 50 states plus each Whale account is FDIC-insured up to $1,000,000.

Save time and money

Skip the postage, banking fees, and busywork with Whale’s fully automated security deposit solution.

Sit back and watch deposits run themselves

CFO, Shelter Asset Management

"Whale simplified deposit management for everyone. Tenants trust the process thanks to full transparency, while our team saves hours at move-out. It’s easy to use, and the Whale team’s support has been incredible."

Founder, Varro Capital

"Eliminating the burden of administering thousands of security deposits each year has been a huge win for our operations, finance, and on-site teams. Our residents love that they're earning money each month and are pleased to get their deposit back quickly when they move-out."

Former COO, Bridge Property Management

"Whale has created something special. A true win-win where residents earn interest on deposits and operators save time, money, and reduce risk. It’s setting a new standard for how deposits should work."

FAQs

Frequently Asked

How much does Whale Deposit cost?

What is different about Whale?

Is the deposit fully guaranteed?

What do renters earn?

Does Whale comply with all local and state regulations?

How does Whale integrate with my Property Management System (PMS)?

How do I receive move-out charges?

THE WHALE WAY

The first win-win solution

Whale is a renter-owned, high-yield savings account that locks for a renter’s lease term, ensuring landlords have access to the full security deposit before it's returned electronically at lease end.

Whale Deposit Checklist

(One time set-up)

  • Sign up for Whale
  • Grant PMS access

Let Whale do the rest

Compared to:

Traditional Deposit Checklist

(For each renter)

  • Review jurisdictional requirements
  • Request security deposit
  • Wait for paper check
  • Open bank account for tenant
  • Deposit funds
  • Use interest bearing account
  • Provide deposit receipt
  • Hold deposit during tenancy
  • Track return deadlines
  • Pay interest earned
  • Split roommate refunds
  • Answer renter inquiries
  • Request check from accounting
  • Print checks
  • Get forwarding address
  • Pack envelopes
  • Add stamp
  • Mail envelope
  • Handle returned checks
  • Make additional attempts
  • Apply move-out charge to ledger

OUR METHOD

How it works

  1. Whale requests security deposit

Once a renter’s lease is approved, Whale immediately requests their deposit.

  1. Whale locks and confirms deposit

The deposit is held in cash and can only be unlocked by the landlord at lease end.

  1. Renter earns interest

The renter earns up to 2.50% (APY) interest, paid monthly.

  1. Renter moves out, charges deducted

Landlord completes their move-out process and Whale transfers the amount owed to the landlord’s bank.

  1. Deposit is unlocked

The balance after any move-out charges is unlocked immediately for withdrawal.