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Learn how choosing the right bank can save your HOA time, money, and frustration!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

Robert talks with Gavin Nelson from Merchants Bank about how the right banking partner can simplify community finances. Learn how modern technology, check scanning, electronic payments, and integrated HOA software help streamline operations and boost transparency. Plus, discover how proper reserve management, FDIC coverage, and smart lending solutions can save your HOA money and safeguard your community’s future!

Get in contact with Gavin: [email protected]

Chapters

00:00 How HOAs can streamline banking headaches 
00:41 Robert Nordlund introduces guest Gavin Nelson from Merchants Bank
03:32 Sandy’s HOA banking question sparks the discussion
04:39 Why HOAs should review their current bank setup regularly
05:37 How modern technology improves HOA financial management
06:07 Making HOA life easier with real-time banking tools
08:41 How check scanners save time and reduce risks for HOAs
09:46 Setting up electronic payments and online portals for members
11:56 How automation improves efficiency and transparency
15:11 Transitioning your HOA banking system in 30 days
18:11 Earning interest on reserves and maximizing returns
19:31: Ad Break - Kevin Davis Insurance Services
20:38 Merchants Bank’s high-yield rates and why it matters
23:34 FDIC coverage explained for HOA reserve accounts
26:13 Lending options and bridging shortfalls for large projects
28:23 Choosing banks that understand community associations
30:00 How Gavin entered the HOA banking industry
31:48 Expanding HOA banking services in Florida and nationwide
33:02 Why personal service still matters in a digital world
34:45 Closing thoughts and how to connect with Merchants Bank

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization.  Please seek advice from licensed professionals.

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