Frequently Asked Questions

We speed up and streamline loan applications. This means less paperwork, less fuss and a quicker decision about loan approval. We do this with our own technology that retrieves your bank statement data and sends it directly to the lender or broker.

As part of tighter government regulation for borrowing money, most consumer loans require bank statement data as part of the loan evaluation. Brokers and lenders need to make reasonable inquiries into your ability to pay back the loan. Bank statements are an important part of this reasonable inquiry.

Some of the things your bank statements will show are your income, that you are regularly paid wages, other loan repayments and your expenses. These factors help determine that you can afford to pay back the loan.

The most common requirement is for 90 days or 3 months of bank statement data. Some lenders do require more, sometimes up to 6 months. 

You do. We can’t get your bank statements to send to the lender without your permission. 

We are an independent provider of web based bank statement data retrieval services.

illion Open Data Solutions Pty Ltd t/a BankStatements.com.au is not a bank, and does not necessarily have an official association or relationship with any bank or banking institution accessible via the BankStatements.com.au website.

We make them available to the lender to whom you are submitting your loan. That’s it. The statements are either sent via email or stored in a secure database where only the lender can access them.

It’s a completely free service to you if you’re applying for the loan. Similarly to a credit check the lender or broker pays the fees so you don’t pay anything.

Security is our highest priority. All data sent to our server is encrypted with 256-bit encryption, secured by 2048-bit keys. This is the same level of encryption that the banks use. You can read more details about our security measures.

The benefits are more revenue and more profit for your business! Evaluate and approve loans significantly faster with a streamlined, automated process that delivers customer’s bank statements to you in seconds. You’ll keep control of the sales process and reduce the number of incomplete applications, while at the same time providing a great customer experience. Read about more benefits for your business.

We make the customer experience excellent! Customers find it frustrating having to find bank statements and scan or fax them to you. They want it to be as easy as possible - that’s what we do!

We are located in Adelaide, South Australia. All our staff and servers are based in Australia.

Please be aware that your credit provider may be a local or international company and may have operations overseas.

There are a number of ways to work with us and use BankStatements.com.au technology. Whether you’re looking for a simple solution or a complex integration, we can assist!

Pricing can be found at https://bankstatements.com.au/pricing

Our technology allows your clients to retrieve up to 365 days of bank statement data.

Yes! If you need to provide bank statements as part of a business loan application we can definitely help. Some of the advanced features of our technology mean we can service business loan requirements where other companies cannot. 

Yes, we have an API. To find out more about our API solutions please contact us.