Association Bank Accounts
Simplify and strengthen your HOA’s finances with one of our deposit accounts.
Get startedOur association bank accounts are designed for you.
Our checking, certificate of deposit (CD), money market, and ICS® and CDARS® accounts are specialized for homeowners associations (HOAs), condo associations, and community associations. Whether you’re handling monthly dues, planning capital improvements, or safeguarding reserves, our association bank accounts offer security, flexibility, and peace of mind.
Customized solutions for association banking deposit products.
Get an interest-earning checking account for HOAs and community associations.
- No minimum opening deposit
- Ideal for managing operating expenses and vendor payments
- Easily deposit and withdraw money for daily transactions
Lock in a competitive fixed rate for a term that aligns with your HOA's timelines.1
- No minimum opening deposit
- Best for setting aside reserves for future projects and repairs
- Terms ranging from 30 days to 10 years
Earn competitive interest rates on operating funds and reserve balances.
- No minimum opening deposit
- Great for holding funds ahead of project drawdowns or repairs
- Maintain access to your money when you need it2
Enjoy peace of mind with multimillion-dollar FDIC insurance at participating banks.3
- Ideal for protecting your large deposits and reserve balances
- Earn interest at a rate set by us
- Manage your cash flow based on your liquidity needs
Let your loan and deposit accounts work smarter, together.
Your HOA, condo association, and community association benefit when your loan and deposits work together under one roof. If you already have an HOA loan with us, take the next step by moving your deposit accounts to Popular Association Banking.
Simplified management
Manage your finances easily with everything in one place.
Holistic
financial view
Gain better insight into your HOA’s full financial picture.
Easier oversight
Streamline your finances with one dedicated point of contact.
Explore more with Popular Association Banking.
Business Online Banking
Support your HOA’s operations remotely with our digital tools and services.
Treasury management
Manage cash flow, save time, and mitigate fraud with our treasury management tools.4
HOA and condo loans
Avoid tapping into reserve funds with our flexible condo and HOA loan options.5
1 A penalty will be imposed for early withdrawal. Fees may reduce earnings on the account.
2For money market accounts, you are permitted to make up to six transfers and withdrawals or any combination thereof per statement cycle (or similar period) by means of a preauthorized or automatic transfer, withdrawal by check, draft, debit card, or transfer or withdrawal by online bill pay or by phone. These limitations are applied according to the date when the transaction is posted to the account and not the date when the check is written or the transfer is authorized. The limits do not apply to withdrawals made at a banking center, by ATM, or by mail.
3 Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi Network banks appears at Network Banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi, ICS and CDARS are registered service marks of IntraFi Network LLC.
4 Terms, conditions and fees of all products and services are subject to change. For more information please contact the Popular Bank Customer Care Center at 1-800-233-7164.
5 All loans are subject to credit approval. Rates, program terms, and conditions vary.