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Report section · Financial Verification

Income verified from the bank, not from paper

The applicant connects the account their pay goes into. The report then shows the deposits each month by source, the average balance, paycheque stability, rent payments and NSF count, and lists every paycheque.

Get Started (opens in new tab)See it in the sample report

What you see in the report

Page two of every report, in three parts. Point at a note to find it in the drawing.

  1. 01 Income Graph

    Every deposit in the shared accounts, month by month, stacked by where it came from. A steady bar each month is what regular pay looks like; a tall month with a short one after it is worth a question.

  2. 02 Three sources

    Employment is pay from an employer. Government is deposits such as benefits and tax credits. Other is everything else: transfers from people, sales, refunds. The split keeps a one-off transfer from reading as income.

  3. 03 Avg Mo Balance Graph

    The average balance across the shared accounts for each month, with the bank named in the legend. Rising or level is the pattern you want; a balance that drains before rent is due shows here even when the income looks fine.

  4. 04 Income by month

    The same months as figures, so you can read the exact amount for any month without estimating from the bars.

  1. 05 Recent Monthly Income Detected

    Income found in the account for the most recent full month. This is the figure to set beside the rent.

  2. 06 Current Bank Balance

    The balance across the shared accounts on the day they were read. First and last month's rent has to come from somewhere.

  3. 07 Avg Free Cash Flow

    What was left each month after the money going out, averaged over the period. Rent has to fit inside this number, not inside gross income.

  4. 08 Paycheque Stability (6 mo)

    How regular the paycheques were over six months, as a percentage and a word. Pay that arrives on the same cadence for the same amount scores high; gaps and swings pull it down.

  5. 09 On-time Rent Payments

    Rent payments found in the account that went out on time. A tenant who has been paying rent from this account leaves a trail here.

  6. 10 NSF (Non-Sufficient Funds) Count

    The number of payments that bounced in the period. Zero is the figure to expect from a steady account.

  7. 11 Three flags

    Late Utility History, Notable Risks and Self Employed each read None or flag. Self Employed tells you the pay is business income rather than an employer's payroll.

  1. 12 Income Transactions

    Each paycheque deposit with its amount, description and date, verified from payroll software and bank accounts. The list is the evidence behind the figures above it.

  2. 13 Same amount, same cadence

    Pay from a salaried job lands as the same figure every two weeks or twice a month. Amounts that change every time, or round numbers, are the pattern to ask about.

How it works

  1. The applicant connects their bank

    They pick their institution from the list, sign in through a secure connection and choose which accounts to share. Nothing is typed in by hand.

    Select your institution

    Secure connection

  2. Deposits are sorted by source

    Every deposit in the shared accounts is filed under employment, government or other, so pay from an employer is never mixed up with a transfer from a friend.

    Deposits by source

    • Payroll deposit$2,630.00Employment
    • GST/HST credit$131.00Government
    • E-transfer in$400.00Other

  3. Balances and cash flow are tracked by month

    The average balance for each month and the cash left after money going out show whether the rent fits, not just whether a pay stub says it does.

    September

    Money in
    $5,510.00
    Money out
    $3,635.00
    Free cash flow
    $1,875.00

  4. Paycheques are checked against payroll

    Paycheque transactions are verified from payroll software and bank accounts. If the payroll connection isn't available, the deposits confirm the income on their own.

    Paycheque · Oct 9

    Match
    Payroll
    $2,630.00
    Bank
    $2,630.00

What it catches

A pay stub says what the applicant wants it to say. An account read from the bank says what happened.

  • Statements that were edited

    A connected account comes straight from the bank, so there is no PDF to alter. Statements the applicant uploads instead go through fraud detection, and a report built from uploads carries a lower PropTx Score.

    In the reportConnected account vs. upload

  • Income that isn't pay

    A lump sum from a relative or a one-off sale lands under Other, not Employment, so the monthly income figure isn't inflated by it.

    In the reportIncome Graph · Other

  • Pay that comes and goes

    Irregular or missing paycheques pull the stability figure down and show as uneven bars in the income graph.

    In the reportPaycheque Stability (6 mo)

  • Bounced payments

    Every non-sufficient-funds event in the period is counted, whatever the payment was for.

    In the reportNSF (Non-Sufficient Funds) Count

  • Rent and bills paid late

    Rent payments found in the account are counted as on time or not, and a history of late utility payments is flagged on its own line.

    In the reportOn-time Rent Payments · Late Utility History

  • Self-employment

    Business income is flagged, so you know the pay isn't from an employer's payroll and can ask for whatever else you need.

    In the reportSelf Employed

What the applicant experiences

One step of the application, on their phone.

  1. Pick the bank and share the accounts

    The applicant chooses their institution, signs in through a secure connection and picks the accounts to share. The report reads the deposits and balances from there.

  2. Or upload statements

    If the applicant can't connect, they can upload statements instead. Uploads go through fraud detection, and a report built from them carries a lower PropTx Score.

FAQ

Questions about income

  1. Pick their bank, sign in through a secure connection and choose the accounts to share. It is the Financial step of the application, and nothing is typed in by hand.

  2. If bank data isn't available, payroll records confirm employment and income. If neither is available, the applicant can upload documents, which go through fraud detection, and the report carries a 30% lower PropTx Score.

  3. No. The bank connection is separate from the credit check, and the credit check itself is a soft check with no impact on the applicant's score.

  4. Only the accounts the applicant chooses to share, personal or business. The deposits, balances and transactions on this page come from those accounts.

  5. Paycheque stability is measured over six months. The income and balance graphs show each month read from the account, and the transactions list shows each recent paycheque with its date.

  6. No. The rent-to-gross-income meter on page one shows monthly rent as a share of monthly household income, as context beside the figures on this page. It isn't a cut-off; the decision stays with you.

More of the report

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Verified income on every application

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