To verify your savings with Open Banking you'll need to connect your bank account and give us read-only access to the income transactions you select to share with us.
For step-by-step instructions on verifying with Open Banking, see below:
Select the 'Verify income' section on your RentPassport.
Click 'Add' next to 'Your Savings' and enter the details of your savings account.
Next, you will be prompted to enter the amount of savings. This does not have to be the total amount you have in available, this has to be the amount you would like to contribute towards rent.
Please note this figure will have had to be present in your account for at least 3 months.
Now you will need to add your bank account. Canopy will use our intermediary, Plaid, to connect with your bank. Click continue and search for your bank.
Please note that Canopy nor Plaid will gain access to your login details for your bank, login is required is for your security to ensure it is you that is authorising the connection.
APP: Once you have selected your bank you will be directed to your banking app to log in and authorise the connection.
DESKTOP: Once you have selected your bank you see a QR code to scan. This will direct you to your banking app to log in and authorise the connection. You also have the option to continue logging into your bank on the browser by clicking 'continue on desktop'
You will be presented with a list of your balances throughout the last 12 months. We will only be able to verify the lowest amount over the last 3 months. Once you have reviewed the information, click "Save" and you have successfully verified your savings.