A paper free approach to sharing your income and expenditure data
We are always looking for ways to improve our members experience. We understand that gathering bank statements, and print outs of online payslips can cause delay in processing your loan. That’s why we have teamed up with Consents.Online to speed up your loan application. Consents.online are also regulated by the Financial Conduct Authority as an Account Information Service Provider (AISP). Please click on the link on your email to give us permission and we will process your loan application.
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 a secure platform that lets you grant permission to us to view your bank statements. This is a paper free approach to sharing your income and expenditure data so we can fairly assess whether any loan payments you offer to make are affordable. This service saves you having to collect bank statement, payslip or benefit information for sending to us. You are only consenting to read-only access and we cannot make to changes to your account. Consents.Online puts you in the driving seat as you can turn off access at any time.
You don’t have to consent to sharing your bank statements, but it will make it easier for you and it will speed up our consideration of your loan application.
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.
Firstly, consents.online use bank-level security, rigorously tested software and security systems. By using consents.online to share your data you’re always in charge. You decide what information companies can access and for how long. No one gets access unless you say so
Yes, consents.online are regulated by the Financial Conduct Authority as an Account Information Service Provider (AISP). To provide their Open Banking service they must comply with the strict rules of the Financial Conduct Authority (FCA) or a European equivalent.To see consents.online’s credentials.
No. It does not cost you anything. We pay Consents.Online who provide the service for us.
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!
Consents.Online use all the latest data security technologies to ensure your data is protected. Any data we gather from using Consents.Online is covered by our Privacy and Data Protection Policies and by the General Data Protection Requirements (GDPR).
Providing your online banking details so we can review your transactions will not leave a footprint on your credit file.
They use the same 256-bit encryption and physical security that 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.
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. 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.