Bank Accounts & Payments

Bank Accounts & Payments

Bank Accounts & Payments

How do rent payments work?

Jun 25, 2025

Bank Account and Payments
Bank Account and Payments
Bank Account and Payments

Landlords can track rent payments by connecting their bank account, allowing August to notify you when rent has been paid. This integration is powered by Plaid Financial Ltd. There are no fees or deductions. If your tenant pays £1,000, you receive £1,000, in full and without delay.

Tenants can pay rent, and landlords can receive payments directly from the tenant’s bank account to their own, with no middleman involved. August never holds or touches the money, it simply facilitates the transfer. Payments made in-app are processed instantly, arriving in your bank account just like a normal bank transfer.

In-app rent payments are completely optional. August will continue to automatically track rent payments through your linked bank account, even if tenants pay via traditional methods like standing orders or manual transfers.

Tenants also benefit from a seamless experience. They receive automatic rent reminders, can pay in a few taps and can easily view their payment history.

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