HOA ReservePro is a fintech platform that connects to an HOA's existing bank accounts and automatically sweeps reserve funds into high‑yield, FDIC‑insured savings accounts while maintaining same‑day liquidity. It also provides budgeting, reserve tracking, and compliance tools to simplify reporting and meet state reserve requirements.
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners associations often keep reserve funds in low‑interest checking accounts, limiting growth and risking insufficient coverage for state reserve requirements. Switching banks to obtain higher yields can be complex, disrupt existing workflows, and expose the HOA to additional risk.
Solution
HOA ReservePro offers a fintech platform that links directly to an HOA’s existing operating or reserve bank accounts, allowing funds to be swept into high‑yield, FDIC‑insured savings accounts without changing banks. The service provides same‑day liquidity, so boards can access cash instantly while earning above‑market returns. Integrated budgeting, reserve tracking, and compliance tools consolidate reporting and help meet state reserve mandates. The platform leverages a large network of FDIC‑insured depository institutions, delivering millions of dollars in insurance coverage and enhanced fraud protection. White‑glove onboarding and a single login simplify management for both volunteer boards and professional property managers.
Target Audience
HOA boards, treasurers, and property management companies that manage one or multiple homeowners associations and need higher returns, streamlined reserve reporting, and secure, liquid fund management.
Features
- Seamless integration with any existing HOA bank account, eliminating the need for a bank switch
- High‑yield savings accounts accessed through a partner bank network, offering returns above typical checking rates
- Same‑day cash access and automated sweep functionality for continuous liquidity
- Consolidated statements and budgeting tools designed to support common state reserve compliance requirements
- Millions of dollars in FDIC insurance coverage across partner depository institutions
- Enhanced fraud protection and secure, technology‑driven account access
- White‑glove onboarding service and multi‑HOA management dashboard for property management companies