How does Canopy verify your credit check and income?

We use Experian and Open Banking to help renters build their portable rental history.

Experian based checks (Processing time: 1min-5min)

• Identity
• 3 Years Address history
• Soft credit check
• Adverse Financial History (CCJs, IVA and Bankruptcy)
• KYC (Know-Your-Customer)
• AML (Anti-Money Laundering)

Open Banking (Processing time: 5mins, subject to successfully connecting with tenants bank)

• Income Verification
• Rental Affordability (How much a Renter can spend on rent based on annual gross income)
• Rental Payments Verification, if previously renting in the U.K

Manual Income verification (Processing time: max 48hrs)

• Tenants provide proof of income (3 months payslips, bank statements, employment contract)
• Self-employed (tax returns, bank statements)

For more information please see What is Open Banking? and RentPassport™: Credit Check