Bankstatements.com.au saw an opportunity, to make the process easy for the customer to send the finance company bank statements, and to give the finance company confidence that what they were being sent was the right information.
At first the idea seemed ludicrous, as one could imagine, "You mean I'm going to let some finance company access my bank account to get statements? stuff that! I'm not hand over my password!". and after public awareness that the system doesn't do that, and with bank level security on their systems, The banks are more than happy to allow such a service transmit data.
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FAQ on Bank Statements
What do I need to access Bankstatements.com.au bank statement request form
You need your internet banking user name and password
What if I am not comfortable giving my details?
Bankstatements.com.au is a secure service, when you "sign in", the details are sent straight to your bank to log you in, they dont see your user name and password & neither do we, in fact we dont even know you are doing it until we get the statements sent to us on email.
What is Bankstatements.com.au
Bank Statements / Proviso is an Australian company that has contrcats with all the banks they hold to release bank statements to them and us when you request it.
The person at the Bank said not to use Bankstatements.com.au for my statements
This is understandable, most low level banking staff (call centres and help desks) dont have anything to do with this, so their first reaction would be to warn you off anything thats not bank created. Its a simple "arse" covering excercise.
Im still not convinced
ok, these bank statements make our decision making quicker and more efficient. Again, you are more than welcome to call the bank and get them printed off for you or download them from your internet banking. However, because of this it will be delayed as we have to go through everything manually.
The downside to this is that many finance companies now rely on the breakdown of that information with their internal scoring system, meaning it will soon become compulsory to use the service if you intend on getting a loan in the future, as the world advances, bank printed or issued bank statements are going to be a thing of the past.
What assurances can you give me that it is a proper service?
Talc Ltd is regulated by the government and is a Registered Financial Service Provider.
We Vouch For Bank Statements.com.au
As Financial Service Providers, The Auckland Loan Company (and brands) is bound, by the responsible lending code, to make inquiries about the applicant’s personal situations and be satisfied that the finance products being offered are both affordable and appropriate for the applicant. ‘Bank Statements’ assists The Auckland Loan Company to comply with these obligations to their potential customers required by law under the Credit Contracts and Consumer Finance Act 2003.
Talc Ltd T/A The Auckland Loan Company is a registered financial service provider (FSP 376566) and declares that ‘Bank Statements’ is a safe and secure service to use, and that no information of your banking details are stored, used, or given access for anything other than the explicit instructions of retrieving your 90 days Bank statements from the accounts you nominate. To learn more about the Bank Statements service please visit www.bankstatements.com.au.