Why do I need to verify my income?

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.

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How does it work?

Tenalet partners with Mono, a CBN-licensed open banking provider, to securely verify your income. When completing your online rental application on Tenalet, you'll be prompted to connect your bank account. Mono just reads the data with your permission. If you have multiple accounts, select which one(s) to share.


What Mono does

Mono analyzes your transaction history to verify:

  • Regular income deposits

  • Income amount and frequency

  • Account stability

Why Tenalet uses Mono

1. It is faster: You don't need to gather payslips and bank statements. Verification happens in minutes.
2. Accuracy: bank data doesn’t lie. Mono sees actual deposits, not documents that could be outdated or edited.
3. More secure: Your data is encrypted end-to-end. Mono is regulated and follows strict financial data protection standards. Safer than emailing PDF bank statements

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