I hold some private loans - mortgages and business loans. I am looking for the best option to receive payments back into my investment account - secure and hassle free. Monthly payments range from ~$2k to ~$12K

Options:

1 - Borrowers can write checks and I can mobile deposit them to Schwab account. This option is more hands-on than I would like, but I can live with it if this is the best option. And I don't love the idea of big checks sitting in my mailbox out by the county road.

2 - Zelle to my Schwab account. My bank blocked payment and discouraged me when I tried to use Zelle to make a $3k purchase. Not sure if this is good option for the borrowers.

3 - Other ideas?

Anybody receiving similar payments? How do you receive payments and how do move funds back to your investment account?

I'm a newbie to this forum and appreciate feedback from folks who have experience receiving payments.

I run a hard money company. I second the first response.

Thanks for the recommendation. I am curious to know: do you set up a dedicated account to receive payments?

What bank do you use? My bank is a pain-in-the-ash about setting up multiple business accounts.

I'm pm you so we can take it offline