How does August track rent payments automatically?

August connects to your bank account via Open Banking, a secure, read-only connection regulated by the FCA. When rent arrives in your account, August uses AI-powered matching to identify which tenancy the payment belongs to, even if the tenant pays a slightly different amount or uses an unexpected reference. You see a live payment status: paid, partially paid, overdue, or upcoming, without needing to check your bank statement manually. The matching improves over time as August learns your tenants' payment patterns.