You shouldn't have to check your bank to know if rent arrived. TenantSync connects your Irish bank once through PSD2 Open Banking (AIB, Bank of Ireland, PTSB, EBS, Revolut, N26 and more), auto-matches every payment to the right tenancy, and flags bank-confirmed arrears automatically — alerting both you and the tenant the moment a payment is missing or short. It's read-only, so the app can never move your money. There's a free 14-day trial, no card required, on web, iOS and Android.
Ask any landlord or letting agent how they know rent has come in, and the honest answer is usually some version of "I log into the bank and look." It works — until it doesn't. The problem isn't spotting the payments that arrive. It's noticing the one that didn't, quickly enough to do something about it.
Because a missing payment doesn't announce itself. Nothing pings. You find out on the day you happen to reconcile — which might be a week into the month, or later if things are busy. And in the gap between "rent was due" and "I noticed rent was late," a small, easily-fixed shortfall quietly turns into a real arrears problem.
Why late detection makes arrears worse
Arrears are far easier to resolve early. A tenant who's three days late on a single month's rent usually just forgot, changed bank, or had a timing issue with a salary — a quick, friendly nudge fixes it. The same tenant, three weeks and two missed payments later, is now facing a lump sum they may genuinely struggle to clear. Same situation, very different conversation.
Late detection makes everything downstream harder:
- The debt compounds. One missed month becomes two before anyone acts, and a manageable nudge becomes a formal arrears process.
- The paper trail starts late. If a case ever goes to the RTB, the timeline of contact matters — and it's hard to show you acted promptly when you noticed the problem weeks after it began.
- Trust erodes on both sides. Tenants would rather be told early too; a surprise "you're two months behind" letter helps no one.
- For agents, it's a client-confidence issue. A landlord whose rent is late and whose agent didn't catch it starts wondering what else is slipping.
The single biggest lever on arrears isn't chasing harder — it's finding out sooner. Everything is easier when the gap between "late" and "noticed" is hours, not weeks.
The manual-checking trap — and why it gets worse at scale
Manual reconciliation is workable with one or two tenancies and a good memory. Across a portfolio it breaks down fast. Picture an agent on a Monday morning: a bank statement full of transactions, dozens of tenancies, rents that don't always match a tidy reference, tenants who pay a few days early or late, and the occasional part-payment. Matching that by eye is slow, error-prone and — crucially — only happens as often as someone finds the time to do it.
The result is that arrears detection becomes a function of when you last checked, not when the money was actually late. That's the wrong trigger. What you want is a system that watches continuously and speaks up only when something's wrong.
How auto-matching works
Open Banking removes the manual step entirely. You connect each relevant bank account once, and from then on TenantSync does the reconciliation for you:
1. Connect your Irish bank — once
Through regulated PSD2 Open Banking, you securely link the account rent is paid into — AIB, Bank of Ireland, PTSB, EBS, Revolut, N26 and more. You authorise it directly with your bank; TenantSync never sees your banking password.
2. Payments match themselves to the right tenancy
TenantSync imports new transactions on a regular sync cycle and auto-matches each incoming payment to the tenancy it belongs to — by amount, reference and timing — then marks that rent as received. No scanning a statement, no ticking names off a list.
3. What's expected is checked against what arrived
Because the app knows the rent due for each tenancy, it isn't just logging money in — it's comparing reality against expectation. That's the difference between a bank feed and true reconciliation: the app knows the difference between "a payment came in" and "the right payment came in."
Bank-confirmed arrears alerts: told the moment rent is short
This is where it pays off. After each sync, TenantSync checks whether the expected rent has actually landed for each tenancy since it was due. If the matched payment is missing, it flags bank-confirmed arrears — and can alert both sides automatically:
- You get alerted — the landlord or agent — so you can act while the shortfall is still small.
- The tenant can be alerted too, turning an awkward chase into a neutral, automatic reminder that often resolves things before you're even involved.
Because the flag is based on real bank data rather than a manual note, it surfaces a shortfall within hours of the data confirming it — not on your next manual login, days or weeks later. And the alerts are sensibly throttled, so you're kept informed without being buried in duplicate notifications about the same tenancy.
Let the app watch the rent so you don't have to
Start a free 14-day trial, connect your bank in minutes, and let TenantSync auto-match every payment and flag arrears the moment rent is short — for one property or a whole portfolio.
No credit card required · Live in under 10 minutes
Catching partial payments, not just missing ones
The subtle failures are the dangerous ones. A tenant who pays nothing is obvious eventually. A tenant who pays most of the rent — €1,350 against a €1,500 rent — is the one who slips through manual checking, because at a glance "a payment came in" looks fine. Do that for a few months and a quiet gap has grown without anyone flagging it.
Because auto-matching compares what landed against what was expected, a short payment is surfaced rather than waved through. You see the shortfall the same month it happens, while it's still a €150 conversation and not a €600 one.
What the app catches that a quick glance misses
- A missing payment — rent that never arrived by its due date.
- A short payment — less than the rent expected for the tenancy.
- A late payment — matched when it arrives, so the timeline is accurate.
- The right match — the correct payment to the correct tenancy, even across a busy statement.
Is Open Banking safe? PSD2, in plain English
It's a fair question, and the answer is reassuring. "Open Banking" is the regulated system created under PSD2 (the EU's second Payment Services Directive) that lets you securely give an app permission to read your account data. In Ireland it's supervised by the Central Bank. The key points:
Read-only, credential-free, revocable
- Read-only. TenantSync can see transactions to match rent — it cannot move money or set up a payment.
- No password sharing. You authorise the connection inside your own bank's login; the app never sees or stores your banking credentials.
- You're in control. You can revoke access at any time, directly with your bank.
- Regulated technology. It's the same PSD2 framework behind the account-aggregation features in mainstream European banking apps.
In other words, connecting your account to track rent is fundamentally different — and far safer — than handing someone your banking login. You're granting a narrow, read-only, revocable view, nothing more.
For agencies and for landlords
The same engine serves both of TenantSync's audiences, at very different scales:
| You are… | What arrears alerts do for you |
|---|---|
| A letting agent or agency | Rent is watched across the whole portfolio, with arrears surfaced per tenancy and per landlord client — nothing slips between dozens of accounts. Both agency and tenant can be alerted, and every matched payment and shortfall is recorded, feeding the per-landlord reporting that renews management contracts. |
| A self-managing landlord | On the €20 Starter plan (up to 10 units), you get the same auto-matching and arrears alerts an agency uses — so you keep the management fee and still know the instant rent is short, without checking a statement. |
Get the rent-tracking setup guide
Start a free 14-day trial and TenantSync walks you through connecting your bank, matching your first payments and switching on arrears alerts — so rent watches itself from day one.
How to set it up
- Start your free 14-day trial — no credit card required.
- Add your properties and tenancies with their rent amounts and due dates.
- Connect your bank via PSD2 Open Banking — AIB, Bank of Ireland, PTSB, EBS, Revolut, N26 and more — in read-only mode.
- Let it match and watch. Payments auto-match to the right tenancy, and arrears alerts fire the moment rent is missing or short.
That's the whole point of tracking rent with Open Banking: the reconciliation you used to do by hand happens on its own, and the one thing you actually need to know — is any rent late? — comes to you, instead of you having to go looking for it.
Frequently asked questions
How can I track rent payments automatically in Ireland?
Connect your Irish bank account to TenantSync once, in read-only mode, through regulated PSD2 Open Banking. The app imports your transactions on a schedule, auto-matches each incoming payment to the right tenancy, and marks the rent as received — so you never scan a bank statement by hand. It works with AIB, Bank of Ireland, PTSB, EBS, Revolut, N26 and more, with a free 14-day trial and no card required.
How does TenantSync detect rent arrears?
After each bank sync, TenantSync checks whether a matched rent payment has arrived for each tenancy since the rent was due. If the expected payment is missing, it flags bank-confirmed arrears and can alert both the agent or landlord and the tenant by email — automatically, and throttled so you're informed without being spammed. Because it's based on real bank data, a shortfall surfaces within hours of the data confirming it, not days or weeks later when you next log into online banking.
Is Open Banking safe for tracking rent?
Yes. Open Banking in Ireland operates under PSD2 and is supervised by the Central Bank. The connection is read-only: TenantSync can see transaction data to match rent, but never sees your online-banking password, cannot move money, and cannot initiate any payment. You authorise the connection with your bank and can revoke it at any time. It's the same regulated technology used across European banking apps.
Does it catch partial or short rent payments?
Yes. Auto-matching compares what actually landed against the rent expected for the tenancy, so a payment that's short — not just one that's entirely missing — is surfaced rather than quietly passing as paid. That lets you act early, while a small shortfall is still easy to resolve, instead of discovering a growing gap weeks later.
Do letting agents get arrears alerts for every landlord client?
Yes. For an agency, TenantSync watches rent across the whole portfolio and surfaces arrears per tenancy and per landlord client, so nothing slips between dozens of accounts. Both the agency and the tenant can be alerted, and every matched payment and flagged shortfall is recorded — which also feeds the per-landlord reporting that keeps management contracts renewing.