No, Zinsli Finance AG is not a bank. We are a platform that provides landlord and tenant with various options for investing and managing rental deposits. The deposit is deposited directly with a financial partner. The money always flows directly from tenant to the financial partner and never via Zinsli.
Today, tenants can open their rental deposit account at any bank or obtain a rental deposit guarantee (deposit insurance) from a large number of providers. This means countless contacts and processes for the landlord, be it opening or closing the deposit. In addition, many of these providers still work with paper and physical signatures.
Zinsli simplifies everything. We offer landlords a single, digital process for opening and closing the rental deposit, and at the same time we give tenants the choice of rental deposit account providers. The processes are 100% digital for landlords, which avoids unnecessary delays through snail mail and coordination efforts for collecting the required signatures.
A simple invitation to Zinsli for the tenant is all it takes, Zinsli takes care of the rest. We send reminders and notifications, make sure that the deposit is locked for the duration of the lease, and give the landlords and tenants view access to the account at any time.
Nothing! Landlords and tenants can use the Zinsli platform free of charge.
There may be fees for the holders of the rental deposit account charged directly with the offer partners. That is, the tenants pay fees to the financial partners directly, depending on the product that they choose for their deposit.
Zinsli Finance AG, as the operator of Zinsli, charges a fee for the provision of its services to the providers that are affiliated with Zinsli. This serves to continuously optimize quality and performance and to maintain a high standard.
As an independent platform, one of the aims of Zins.li is to provide users with a marketplace with the widest possible choice of investment opportunities and financial partners. The offer includes the traditional blocked account from different providers, because the conditions vary even for this "standard product" between the providers. The selection of products is constantly being expanded and will eventually include funds from various financial partners (banks), and alternative investment options, such as precious metals.
The landlord decides which investment products are available to the tenants.
It is true, that for an investment with a potential gain there is also a possibility of a loss in value. The rental deposit serves to give the landlord a security. Should there be damage to the rental property or should rental payments be missed, the full liability for these defects remains with the tenant, regardless of the value of the deposited deposit. (The tenant may also choose to pay for these defects with money from another account or have the damages covered by the rental insurance).
Since a rental deposit is an agreement between two parties, the tenant and the landlord, both parties must agree on how the deposit is invested. We leave it up to the landlord to decide whether and which investment options tenants can choose from.
Sure. The platform can be used as a standalone solution or integrated into an existing management tool via an interface (API). We would be happy to discuss with you how a proof-of-concept with a smaller number of tenants could look like. Contact us via email or book a short appointment slot on our website.
Of course. Ideally, you do this right at the start of a new tenancy, when your landlord suggests a bank for your rental deposit. However, you can also switch to Zinsli during the term of the lease. However, since this means closing your existing account, the landlord has to agree with the change. We provide you with a template of a letter you can send your landlord.
No, Zinsli Finance AG is not a bank. We are a platform that provides landlord and tenant with various options for investing and managing rental deposits. The deposit is deposited directly with a financial partner. The money always flows directly from tenant to the financial partner and never via Zinsli.
Nothing! Landlords and tenants can use the Zinsli platform free of charge.
There may be fees for the holders of the rental deposit account charged directly with the offer partners. That is, the tenants pay fees to the financial partners directly, depending on the product that they choose for their deposit.
Zinsli Finance AG, as the operator of Zinsli, charges a fee for the provision of its services to the providers that are affiliated with Zinsli. This serves to continuously optimize quality and performance and to maintain a high standard.
As an independent platform, one of the aims of Zins.li is to provide users with a marketplace with the widest possible choice of investment opportunities and financial partners. The offer includes the traditional blocked account from different providers, because the conditions vary even for this "standard product" between the providers. The selection of products is constantly being expanded and will eventually include funds from various financial partners (banks), and alternative investment options, such as precious metals.
The landlord decides which investment products are available to the tenants.
No, while the money is deposited as security, no withdrawals can be made from the account. This also means that any winnings will remain on the account and will not be paid out. As soon as the lease is terminated and the landlord has confirmed the deposit is not needed anymore, the tenant will have full access to the account balance again. For certain products it is possible for tenant to manage the account via Zinsli even after the termination of the lease. Thus, if desired, the account can be closed at favorable market conditions.
