How current are the Income Verification Reports provided by Fastkey?
Our Income Verification Reports rely on the most recent bank
transaction history of the applicant. An applicant will connect their bank account, and we will determine their sources of income based off of the inflows into their account.
The applicant will then have an opportunity to provide self-reported income, as well as provide any pay stubs or receipts of income.
Using this approach helps ensure the information provided on an Income Verification Report is current and accurate.
Related Articles
How current are the income documents provided by Fastkey?
Our Fastkey income estimate relies on the most recent bank transaction history of the applicant. This ensures that the income estimate is not only current but also corroborated by the applicant's banking activity, guaranteeing up-to-date and accurate ...
How long does the income verification process take through Fastkey?
The process to verify an applicant's income is swift, often taking just a few minutes once the applicant has connected their bank account and provided the necessary information
How does Fastkey verify an applicant's income?
Fastkey employs a dual method for income verification. Firstly, we utilize Plaid's API for Income Verification. Using this feature, we analyze inflows into an applicant's connected bank accounts to provide accurate reporting of their income. We then ...
What documents are typically required for income verification?
For our income verification process, we primarily rely on real-time data as well as self-reported income which can include documents such as a paystub. Applicants are required to securely connect their bank accounts using Plaid, which enables us to ...