Smart Deposits,
Smart Savings
The Smart Way to Rent. DepositPass allows you to use your savings account or life insurance savings to secure rental deposits, providing a flexible and convenient alternative to traditional methods.
How It Works
DepositPass simplifies rental deposits by converting your savings account or life insurance savings into rental deposits.
Assign the deposit amount from your savings to the landlord.
Your money stays in your account, earning interest.
The amount is blocked during the rental period in case of disputes.
In case of a dispute, our resolution service ensures fair outcomes.
Flexible Savings Options
At DepositPass, we offer flexibility to fit your financial situation. You can secure rental deposits using various types of savings products, including:
Standard Savings Accounts
With DepositPass, you can easily use any standard savings account from UK banks to secure your rental deposit. Your money remains in your account, continuing to earn interest while being assigned as a rental deposit. Simply assign the required deposit amount from your savings to the landlord. The funds stay in your account but are blocked for the rental period to cover any potential disputes, providing a seamless and secure solution for the landlord.
Life Insurance Savings Policies
DepositPass also allows you to utilise existing life insurance savings policies from UK life insurers as a secure deposit option. The funds remain secure in your policy but are blocked for the rental period to cover any potential disputes, providing a seamless and secure solution for the landlord. Assign a defined amount from your life savings policy to the landlord. The funds remain secure in the policy and are only blocked if a dispute arises during the rental period. This option offers flexibility and security for both tenants and landlords.
Third-Party Savings Accounts
For tenants who may not have sufficient savings, DepositPass offers the flexibility to assign deposit amounts from savings accounts or life insurance savings of family members or friends. A family member or friend can assign the necessary deposit amount from their savings account or life insurance savings to your landlord. The funds stay in their account or policy, earning interest, and are blocked during the rental period. This allows you to leverage the support of others while securing your rental deposit effectively.
Transparent Pricing
We are committed to providing affordable solutions for tenats while offering our services completely free for landlords. Our all-in, one-off fees are based on the rental deposit amount, ensuring fairness and cost-effectiveness.
Save up to 35% compared to other rental deposit options on the market
For rental deposits over £4,000, contact us for a quote at pricing@depositpass.com
DepositPass’ fees are non-refundable.
Our Commitment
DepositPass boasts a diverse team of experts in the rental, tech, banking, and insurance sectors. Our international acclaim, with numerous awards, attests to our unwavering dedication. We’re on a mission to create a safer, more affordable, and accessible housing market.
Curious about our mission and vision? Explore further.
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