Release Your Deposit Account
Get your rental deposit back!
Get your deposit account back with goCaution. Simple as that.
Have you already deposited a significant amount into a rental deposit account? No problem! Replace your deposit with rental deposit insurance and secure your deposit through ProTect insurance. Choose the practical alternative to a bank account.
For a modest annual contribution, your landlord receives a rental deposit certificate that offers the same security as a bank account. This allows you to release your deposit and use that money freely for other purposes.
Rent without a deposit account. At any time!
By taking out rental deposit insurance (surety bond), you can secure an existing lease and release a blocked deposit account. The process is simple: after subscribing online, goCaution also handles the paperwork and administrative tasks with your landlord.
Release your deposit account and rent without a deposit
How it works:
Have you already locked up a rental deposit in a bank deposit account? No problem! Release your money through rental deposit insurance.
For a modest annual contribution, your landlord receives a surety bond certificate guaranteed by ProTect insurance, offering the same security as a bank deposit account. This allows you to convert your locked deposit into liquid funds and use them freely for other purposes.
- ✓Release your deposit account within days
- ✓Affordable and transparent annual premium
- ✓Highly valued by tenants and landlords
Quick and simple: release your deposit!
With a rental deposit surety bond, you can offer your landlord an alternative to the blocked account and release your deposit. The entire process takes only a few days and is very straightforward.
Inform the landlord
Please inform your landlord in advance that you wish to release the deposit account.
Take out rental deposit insurance
Subscribe to the insurance online and make the first annual contribution payment.
Release the bank deposit
Once your landlord has received the surety bond certificate, they release the blocked account at the bank.
Get your deposit back
Your money is paid out by the bank and is once again at your disposal.
The rental deposit belongs to you!
Get your own funds back
By closing the blocked account, you can use your money again however you wish.
Quick and simple processing
The entire process from start to getting your deposit back typically takes five to seven business days.
No idle capital earning no interest
Interest on deposit accounts is virtually non-existent, and banks often charge various fees.
Everything you need to know about releasing your deposit account
To give you an overview of rental deposit insurance, we have gathered some important questions (FAQ) here.
Do I need to inform my landlord first?
Yes, you need to inform your landlord that you wish to release the deposited security by replacing it with a rental deposit surety bond. It is important that the landlord is informed in advance, as they are the one who must release the bank account. If the landlord unexpectedly insists that the money remains blocked at the bank, the tenant must accept this.
When will I get my money back?
For the bank to close the account and pay out the balance to the beneficiary (tenant), the landlord's release is required. Banks provide forms that must be completed by both parties (tenant and landlord). However, the landlord only proceeds with this step after receiving the surety bond certificate and being equivalently covered.
Release your deposit account now
Get your blocked deposit back – online, simply and in just a few days.
