Bank Statements

FAQ’s

Security

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.

Safety

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.

Why send bank statements

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.

What do credit providers see?

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