FAQ: What bank information can landlords see?
Landlords can only see verified financial summaries that are relevant to your rental application, such as your average monthly income, income summary, monthly inflow and credit report. They do not see specific transaction details, merchant names, or your complete banking history.
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What’s included in an income verification report(IVR)?
An income verification report is a document that provides information about an applicant's income if they are eligible for a rental. It uses bank-verified data to prove the applicant can afford your rent, and this uses Mono, an open banking service ...
Is it safe to link my bank account with Mono?
Yes, it's safe when using verified platforms like Mono, your login isn't stored, no money can be moved, and you control access. When you link your bank account for income verification on Tenalet, you're giving temporary, read-only access to 6 to 12 ...
FAQ: Why do I need to link my bank account to verify my income?
Linking your bank account provides bank-verified income data that is used to generate your income verification report. Landlords trust this report because it: a. Cannot be forged (unlike uploaded bank statements) b. Shows consistent month-to-month ...
Why do I need to verify my income?
Income verification confirms you earn enough to afford the rent. Landlords need proof of regular income—not just your word. How does it work? Tenalet partners with Mono, a CBN-licensed open banking provider, to securely verify your income. When ...
FAQ: Can Tenalet withdraw money from my account?
No, Tenalet cannot withdraw money from your account. Mono provides read-only access to your financial information, which means it can only view your account details and transaction history—it cannot initiate transfers, withdrawals, or any other ...