At Beforepay, we aim to make managing your finances simple, fast, and secure. Connecting your bank account(s) is an essential step in this process, and we’re here to explain why it’s needed, how it works, and how we keep your information safe.
Security Measures
Your trust and security are our top priorities. Here's how we protect your data:
Data protection: We never store or share your banking credentials. Once verified, your credentials are securely discarded.
Regulatory compliance: Our processes align with strict privacy regulations, ensuring your data is handled with the utmost care.
Read-only access: The sync is read-only, meaning we cannot make changes to your account.
For more details, you can read about how we protect your banking details.
Why do you need to connect my bank account(s)?
To help you access our services, we need a clear understanding of your financial situation. Syncing your bank account(s) allows us to:
Verify your income and expenses quickly and efficiently.
Provide tailored loan options that match your needs.
Power automated budgeting and spending insights to help you stay on top of your finances.
How does it work?
Here’s a step-by-step overview of what happens when you sync your bank account:
Select your bank: Choose your bank(s) from our list of supported institutions.
Connect your bank: Enter your internet banking login details securely.
Sync your data: Your financial information is fetched securely and used to assess your application.
We use bank-grade encryption and advanced security protocols to protect your data throughout this process.
Still have questions? Contact support@beforepay.com.au