Fail to protect the deposit and the landlord could face harsh penalties. mydeposits is here to support you.
Fast, simple deposit protection. Here's how it works.

1. Join mydeposits
mydeposits is a membership scheme.
To get started you’ll need to set up your member account.
2. Protect each deposit
You have 30 days to protect the deposit from when you receive it from your tenant.
You choose how to protect:
- Keep the deposit in your segregated bank account using our insurance based product.
or
- Pass the deposit to us to safeguard with our free to use custodial product.
You’ll also need to provide some key details about the tenancy.


3. Inform your tenant
Pass the tenant proof of the protection (called the Prescribed Information) within the same 30 days of receiving the deposit.
We provide you with the majority of this information for you to pass on.
4. That’s it, you’re done!
You can do all of this instantly in your online member account.

Want to learn more?
Read about how we can help you comply