How to Read a Bank-Based Income Verification Report

This article explains how to read a bank-based income verification report from Payscore, including how income is calculated, how criteria are evaluated, and how to interpret the results for individual applicants and households.

This article applies only to income verified through bank connections.

A bank-based income verification report uses verified deposit and account balance data from connected bank accounts to evaluate an applicant’s income against your configured criteria.

The report is designed to help you make consistent, objective decisions using verified financial data.

At the top of the report, you’ll see:

The rent amount shown is the value used to evaluate income criteria.

The Criteria section shows the rules configured for your account and whether the applicant meets each one.

Each row in the Criteria table compares your configured requirement to the applicant’s actual results.

For each criterion, you’ll see:

Color indicates whether the criterion is met:

For example:

This approach shows the actual calculated values, making it easier to understand why a criterion passed or did not pass.

The Net Income Summary aggregates deposit data and breaks income into categories:

Deposits with consistent timing and similar sources.

Timing and regularity—not deposit amount—determine whether income is recurring.

Irregular or one-time deposits, including:

The sum of recurring and non-recurring income.

The report includes:

These averages help show income trends over time. For example, recent income changes may appear in the 3-month average before they appear in the 12-month average.

Most reports include up to 12 months of data, though some banks limit how much history they provide. The report indicates the period covered.

This section shows balances for each connected checking or savings account, including:

Average balances help indicate whether an applicant maintains reserves or lives paycheck-to-paycheck.

The account holder name allows you to confirm that the connected account belongs to the applicant. If the name does not match, you may want to follow up for clarification.

The Income Sources section groups deposits by source and shows:

Sources are sorted by total contribution to income over the report period.

A divider separates the summary from the supporting data.

Everything above the divider is intended for decision-making.

Everything below the divider shows the individual deposit transactions used to calculate the summary.

This section includes:

The Recurring Income Sources section breaks down income that appears consistently over time.

Recurring income is identified based on:

Examples of recurring income include:

The amount of a deposit does not determine whether income is recurring. Timing and consistency are what matter.

Below each source, you’ll see the individual deposits used to calculate the recurring income totals.

A pay gap appears when recurring income stops for a period of time and later resumes.

Pay gaps help highlight:

Pay gaps do not automatically mean income is invalid, but they provide important context when evaluating recurring income trends.

The Non-Recurring Income Sources section includes deposits that do not follow a consistent or predictable pattern.

Examples of non-recurring income include:

These deposits are listed separately so you can distinguish stable income from income that may not be ongoing.

Non-recurring income is still included in total income calculations, depending on your configured criteria.