OT Monthly Payments using
Bank-to-Bank Electronic
Automated Clearing House (ACH)
Three debits take place monthly.
- Monthly HOA Fees, on or around the 1st.
- Utilities (Electricity/gas), on or around the 7th.
- Misc (Guest Room, In-unit Maintenance, and any additional) the Monthly date is not yet set. (For guest rooms, guests can pay by check with no processing fee.)
Safeguarding Owner Account Information. The following Electronic Banking Best Practices are in place and being adhered to in order ensure your account information security.
- No copy of your signed ACH form and voided check has been made.
- Once ACH is fully operational, your signed ACH form and voided check will be shredded.
- None of your account information is stored on any OT computer in any form such as XLS or Google Sheets.
- If at some point you emailed any account information to the OT Manager, that information will also not be saved on any OT computer.
At the January 7, 2026, OT Board meeting, the Board approved a new Rule 15.8 (See below) implementing electronic (ACH) bank-to-bank debits for OT HOA payments. As a convenience and to improve efficiency, the debits will be made directly and securely from the Owner's bank to Rio Bank (OT's bank.)
In the past, the OT Manager manually inputed up to 95 checks per month. With growing fraud issues with paper checks, the banking industry is strongly moving towards the more secure way of using paperless electronic (ACH) debit transfers. Transitioning to electronic (ACH) debits for OT HOA payments will improve efficiency and security of OT's payment processing.
In the past, the OT Manager manually inputed up to 95 checks per month. With growing fraud issues with paper checks, the banking industry is strongly moving towards the more secure way of using paperless electronic (ACH) debit transfers. Transitioning to electronic (ACH) debits for OT HOA payments will improve efficiency and security of OT's payment processing.
15.8. Monthly HOA Dues and Payments. Effective March 1, 2026, OT HOA requires electronic (ACH) bank-to-bank debits for the following payments:
1. Monthly HOA
2. Electric and Gas (as invoiced by Minol)
3. Others such as yearly storage, in-unit maintenance, guest room (guests can pay by check.)
For Owners who do not sign-up for electronic debit, a $25 processing fee per check will be charged.
1. Monthly HOA
2. Electric and Gas (as invoiced by Minol)
3. Others such as yearly storage, in-unit maintenance, guest room (guests can pay by check.)
For Owners who do not sign-up for electronic debit, a $25 processing fee per check will be charged.