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Why Do Apartments Ask For Bank Statements?

Why Do Apartments Ask For Bank Statements?

You’re in the process of renting an apartment, but suddenly, the landlord requests 3 to 6 months of bank statements before you can move in. It feels a bit intrusive, doesn’t it? You might even find it slightly unsettling. 

Landlords asking for bank statements is a normal procedure in the rental industry than you think. It’s not about prying into your personal life, but rather, it’s about ensuring you have a steady income to cover the rent. 

Bank statements serve as solid proof of your financial stability, which is a critical factor for landlords. After all, they want to ensure that their tenants can pay the rent on time.

Should I Give My Landlord My Bank Account Number When Showing Bank Statements?

Now, you might be wondering, “Do I have to disclose my bank account number when providing these statements?” The answer is, not necessarily. If you’re uncomfortable sharing your bank account number, you can certainly ask your landlord if it’s possible to blackout this information. After all, it’s your right to protect your privacy.

However, if your landlord doesn’t agree, and you insist on not showing your bank account number, you can find other ways to verify your income. This could be through pay stubs, tax returns, or a letter from your employer to prove that you have a consistent income source.

Can Landlords Verify My Bank Account Balance?

You might also be curious, “Can landlords verify my bank account balance after getting my bank statements?” 

Generally, the answer is no. Landlords are not banking institutions, and they don’t have the authority to access your bank account information without your explicit consent. They can only review the documents you provide them. So, while they can see your income and expenses through your bank statements, they can’t check your account balance.


Landlords asking for bank statements is a common practice (some landlords may ask, some may not) designed to protect their interests. It’s not about invading your privacy, but about ensuring you’re financially capable of meeting your rental obligations. 

If you’re uncomfortable sharing certain information, communicate with your landlord, and find a solution that works for both parties. They just want to be confident that they’re renting their property to someone reliable.

You also have free to decline to provide bank statements and look for other places to rent.

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