No trust account, no float
A property manager pools your rent in a trust account before passing it on. Tenwise never holds it, so there's no pooled balance to reconcile and nothing that can go missing in the middle.
Your money
Where your rent goes.
Rent goes straight from your tenant’s bank to yours by direct bank transfer. It never touches Tenwise — here’s the picture, not just the promise.
Your tenant's bank
Where the rent starts
Your bank
Where the rent lands
Your rent only ever travels between two banks. Tenwise arranges the schedule; it’s never a stop along the way.
Where’s Tenwise in this picture? Beside it, never on it.
Tenwise sets the schedule, shows your tenant what to pay and when, and reminds them — then steps out of the way. The money moves bank-to-bank along the line above; it never lands in a Tenwise account, so we can’t hold it, freeze it, or take a slice.
How a rent payment actually works
- 1
You set the rent and the schedule
You record the rent, the frequency, and the bank account it's paid into. Tenwise shows your tenant exactly what's due, when, and the reference to use — so there's no guessing and no chasing for your BSB.
- 2
Your tenant transfers it, bank to bank
On the due date your tenant transfers the rent straight to your account from their own banking app, using the reference Tenwise gives them. We send the reminders; the payment is theirs to make, direct to you.
- 3
It lands in your bank — not a Tenwise balance
The money arrives in your account directly. There's no Tenwise account in the middle holding it, which means there's nothing for us to lose, freeze, or take a cut of. We keep the ledger; the banks move the money.
Your tenant pays you, not us
Rent is transferred straight into your own bank account. Tenwise is the software that sets the schedule and tracks each payment — never the recipient of your rent.
Why our price isn't a slice of your rent
Because your rent never touches us, we can't and don't charge a percentage of it. Tenwise is a flat $19 a month for your first property — it doesn't grow just because your rent does (and $9/month for each additional property).
Tenwise is software, not a bank or a licensed property manager, and we don’t hold client money. At launch, rent is paid by direct bank transfer from your tenant straight to your account — there’s no payments intermediary in the middle holding it. Bond is separate again — it goes straight to your state’s rental-bond authority, never to us.
No card needed. First month free on monthly · 30-day money-back on annual · cancel any time.