Bank Statements
As part of our commitment to responsible lending, ensuring transparency and security is crucial. Many lenders require bank statements to verify your income and expenses, and they follow strict procedures for income verification to prevent fraud.
To make your application process smoother and more efficient, we’ve joined forces with BankStatements.com.au—an esteemed Australian company. This platform is trusted by many of Australia’s leading financial institutions, offering a secure and reliable way to handle financial data.
Partnering with BankStatements.com.au is our way of enhancing your experience, providing a streamlined and secure method for sharing the necessary information for your application. Your trust is of utmost importance to us, and we believe that this collaboration will contribute to a more seamless and secure lending process.
To Submit Your Bank Statements
The simplest way is to retrieve them online using the form below.
Bank Statement FAQ’S
All data sent is encrypted with 256-bit encryption, secured by 2048-bit keys. This is the same level of encryption that the banks use.
Bank Statements.com.au service is provided by Illion. It only allows read-only access of your bank account and bank details are encrypted in transit and stored securely.
By providing electronic Bank Statements this helps us and credit providers meet their Responsible Lending obligations in order to verify your income and expense information.
Credit Providers need to verify your income by checking your bank deposits to determine your average monthly income. This involves looking at any regular deposits from your employer or business transactions. They also need to verify your outgoings and spending habits.
No, your login credentials are never stored. They are securely discarded once they have been encrypted and passed to the bank. Your personal details are never shared with or sold to third parties.
illion is a trusted and independent provider of data and analytics products and services in Australasia, with the company’s consumer and commercial credit bureaus forming an important element of Australia and New Zealand’s financial ecosystem.
Illion’s website can be accessed here:https://www.illion.com.au
Illion Bank Statements.com.au speeds up and streamlines your loan application. This means you provide less paperwork and receive quicker decisions on your loan approval. This is completed through Illion Bank Statements, through their own technology that retrieves your bank statement or Centrelink data and sends it directly to the lender. This is widely accepted by lenders as it reduces the instances of financial fraud or manipulation of bank statements.
Illion enhances efficiency in the financial sector by offering comprehensive credit reports and risk management solutions. Through its data analytics, Illion helps lenders assess the credit risk associated with individuals or businesses, streamlining the decision-making process in lending and financial transactions.
BankStatements.com is a platform that facilitates the secure retrieval and sharing of bank statements electronically. It complements Illion’s services by providing a convenient and efficient way for individuals and businesses to share their financial information. This can streamline processes like loan applications where access to recent bank statements is essential.
Associated Banks
