Our Loans Team need to conduct an affordability check as part of our regulated checks for your Loan Application.
The quickest and easiest way to submit your bank statements to us is to use our trusted and regulated partner, Consents.Online. Please follow the link below to provide the credit union with read-only access to your bank statements. You will need your online banking details. If you have accounts with more than one bank, please grant access to all. Note: We cannot change anything at your bank, and you will be fully in control and can withdraw permission at any time.
It’s as simple as logging into your online banking! First you will need to enter in some basic information like your name and phone number, you will then be asked to select your bank and authenticate yourself using what’s called “Open Banking”. This looks just like your online banking log in and is a service provided directly by your bank. Consents.Online will then attempt to make a secure connection with your bank account. This may take up to 2 minutes. Please wait until you see the screen that says, ‘Connection Successful’ before you log off.
Consents.Online is registered with, and regulated by, the FCA in order to act as an Account Information Service Provider. This enables them to offer their services to you through the Open Banking scheme. Their FCA registration number is 792642. To check their credentials please click here:
Consents.Online is required to meet certain strict criteria to be registered with the FCA. They also have to comply with the security standards that underpin Open Banking. The security of your information is our top priority. Your information is always safe and secure.
They are our chosen third party used to access customers bank transaction data. They are also regulated by the FCA and provide you with a secure place to share your transaction data. They also provide you with access to their portal which will allow you to see what you have shared, control access to your data and revoke access at any time.
Consents.Online use bank-level security to provide this service. Consents.Online uses rigorously tested software and security systems. By using Consents.Online to share your data you’re always in charge. You can decide what information can be accessed and for how long. No one gets access unless you say so!
Yes, consents.online are regulated by the FCA. To provide their Open Banking service they must comply with the strict rules of the Financial Conduct Authority (FCA) or a European equivalent. Find Out More, Click here. Welcome – consents.online
Consents.Online provide a secure and encrypted service that enables us to have ‘read-only’ access to your bank statement. Just like we would if you sent us a paper copy of your statement, but without the hassle! Consents.Online will connect to your bank safely and securely and will also provide you with a portal which you can use to see what information we and others have accessed.
We use your internet banking details to report on your financial position, commitments and creditworthiness based on your bank transaction data for the purpose of assessing affordability and ensuring responsible lending decisions.
We use the same 256-bit encryption and physical security that your banks use. Nobody can ever see your banking details and they are immediately encrypted. We are only permitted ‘read-only’ access. This means we can only see your bank transactions, and nobody can make any changes or payments using your details.
Providing your online banking details so we can review your transactions will not leave a footprint on your credit file.
Consents.online will only be able to access your data if we have your explicit consent to do so. Through the Consents.Online website or mobile app you will be able to manage and control access to your data directly through your Consents.Online profile.
You can opt-out of Open Banking services at any time you wish through the Consents.Online website or mobile app or through your bank/building society/Credit Union. Either way, when you revoke access it will mean that Consents.Online and any services you previously granted access to will no longer be able to view your information.
If you bank account is not listed, please email the loan officers with PDF’s from the last three months. You can download your statements, and attach them to the email. We are unable to process your loan application further without your bank statements.
