Open Banking: For faster referencing checks

Open Banking makes it simple, safe and secure to share your banking data and could mean we complete your checks the same day.

What is Open Banking?

Open Banking is a government-backed scheme that puts you in charge of who can see your financial data. It provides a secure way for you to electronically share financial records from your online bank account whilst maintaining control over your data at all times. This is turn speeds up the referencing process so you can be on the move quicker.

How it works

When completing your online application form we’ll ask for you permission to connect to your bank account. We then use Open Banking to securely review your account transactions from the past 12 months.

1. Sign into your online bank account & choose which account to share.

2. Your data is securely shared by your bank directly with our online system.

3. We review your transactions to confirm your income & rent payments.

Is Open Banking secure?

Your data is secure at all times. Our regulated platform allows you to share your financial data with us using bank-level security and end-to-end encryption to establishes a secure connection directly with your bank. You’ll never be asked to share any of your banking passwords or logins with us or anyone else.

Why use Open Banking?

Unless your letting agent has specifically requested that we obtain a reference for you, your checks can typically be completed the same day when you use Open Banking so you can get on with your move.

Your financial information is shared at the click of a button so there’s no need to try and collate and send off bank statements or worry about how long it will take your employer and/or landlord to provide a reference for you.

Do I have to use Open Banking?

No, it’s your decision whether you wish to use Open Banking, however you will still need to provide bank statements as proof of income and/or rent payments, if requested. By agreeing to use Open Banking at the outset you can avoid potential delays to completing your reference checks that may occur if we have to wait for you to provide this information later. It is also more secure than providing bank statements as your transaction information is passed directly from your bank to our referencing system.

Banks we can connect to

We can access UK bank accounts from the following banks. If your bank is not on this list unfortunately you will not be able to use Open Banking at this time. We hope to add more banks to this list soon.

  • Allied Irish Bank
  • aqua
  • B Bank
  • Bank of Ireland
  • Bank of Ireland Business
  • Bank of Scotland (BOS)
  • Bank of Scotland Commercial
  • Barclays
  • Barclays (no app)
  • Barclays Corporate
  • Capital One
  • Cashplus
  • Cater Allen
  • Clydesdale Bank
  • Coutts
  • Cumberland Building Society
  • Cynergy Bank
  • Danske Bank
  • First Direct
  • First Trust Bank
  • Halifax Online
  • HSBC Bank
  • HSBC Kinetic
  • Lloyds
  • Lloyds Commercial
  • M&S Bank
  • MBNA
  • Mettle
  • Monzo
  • Nationwide Building Society
  • Natwest
  • Revolut
  • Royal Bank of Scotland (RBS)
  • Sainsbury’s Bank
  • Santander
  • Silicone Valley Bank
  • Starling
  • Tesco Bank
  • Tide
  • TSB
  • Ulster Bank
  • Vanquis Bank
  • Virgin Money
  • Virgin Money (accounts after Dec 2019)
  • Yorkshire Bank

Are you boxing clever yet?

Book a demo

Find out how BOX can help you save time, reduce admin and let properties faster.

    Fill in your details below and we’ll be in touch shortly to arrange the best time show you how we can give you more time to focus on what you do best whilst Box takes care of the rest.

    Thanks for your interest. If you need some help with your referencing or other services, please check out the Tenants area of our website here. If you still need some assistance, drop us a message and our Tenant Support team will be happy to help.

    Thanks for your interest in Box. If you need some help with your insurance policy or other services, our Landlord Support Team will be happy to help. Please call us on 0345 450 9903 or send us a message.