Proptech

Rental Deposit Verification

Instant Rental Bond and Deposit Verification

Landlords lose time when tenants can't pay bond at lease signing. Fiskil verifies tenants have sufficient funds available before approval, preventing delays.

Tenants Can't Pay Bond at Lease Signing

Approved tenants delay move-in or fail to pay bond, creating lost rental income and wasted processing time.

  • Tenants approved but can't pay bond at signing

  • Delayed move-ins while tenant arranges funds

  • Tenants request payment plans for bond

  • Bounced bond payment checks waste time

  • Properties sit vacant longer than necessary

Pre-Verify Deposit Availability

Verify tenant has sufficient funds for bond and advance rent before approving application.

Balance Verification

Confirm tenant has sufficient funds in account for bond payment.

Fund Source Verification

Verify funds are genuine savings, not borrowed or gift money.

Multiple Account Checking

Check across multiple accounts to find total available funds.

Payment Capability

Verify tenant can afford bond plus first month's rent simultaneously.

How to Implement Deposit Verification

Add deposit verification to your rental approval process.

1

Tenant Applies

Tenant applies for rental and authorizes banking access.

2

Verify Available Funds

API checks account balances to verify sufficient funds for bond and rent.

3

Confirm Fund Source

System verifies funds accumulated through savings, not borrowed.

4

Approve with Confidence

Landlord approves knowing tenant can pay bond immediately.

Key Features

Real-Time Balance Check

Verify current account balance is sufficient for required deposit.

Savings History Analysis

Confirm funds accumulated over time through genuine savings.

Borrowed Funds Detection

Flag if deposit funds appear to be recent loan or gift.

Multi-Account Aggregation

Check total funds across multiple accounts.

Payment Scheduling

Verify tenant can pay bond plus first month without insufficient funds.

Deposit Buffer Check

Ensure tenant has buffer remaining after bond payment for living expenses.

Real-World Examples

Property Management Company

A property manager verifies bond funds before approving applications.

Result: Eliminated bond payment delays, reducing average vacancy period by 8 days.

Student Housing Provider

A student accommodation provider verifies international students have funds.

Result: Reduced no-shows at move-in from 12% to less than 1%.

Corporate Rental Platform

A corporate housing platform verifies relocating employees have deposit funds.

Result: Streamlined corporate relocations with guaranteed move-in date compliance.

Technical Specifications

API Endpoints

  • POST /rental/verify-deposit
  • GET /accounts/{accountId}/available-balance
  • GET /rental/fund-source-analysis
  • POST /rental/payment-capability

Data Types

  • Account balances

  • Available funds

  • Fund source indicators

  • Savings history

  • Borrowed funds flags

  • Payment capability score

Authentication

OAuth 2.0 / CDR consent

Real-Time Data

Yes

Frequently Asked Questions

Typically bond (4-6 weeks rent) plus first month rent plus buffer for living expenses.

Yes, the API can aggregate balances from multiple connected accounts.

Recent large deposits are flagged - landlord can decide if gift funds are acceptable.

Balance checks are real-time or near-real-time (within seconds).

Bond loan usage can be identified, landlord decides if acceptable.

Verifies funds are available at time of check - not a payment guarantee.

Yes, early verification prevents wasting time on applicants without deposit funds.

Ready to Get Started?

Join hundreds of companies using Fiskil to power their proptech applications. Get started today with our developer-friendly API.

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