Why do I need to connect to my bank?

To report your rent, Perch needs proof that it was paid. We use Plaid to allow you to connect your bank in a quick, effortless, and easy way, and our system automatically detects your rent payments each month (and sometimes will even identify past payments). During the sign-up process, you will be prompted to add your bank information. Once our system verifies your payments, Perch reports it to credit bureaus.