Zip securely accesses your recent online bank transactions to verify the income and expense information you provide in your application. This enables us to make a fast lending decision for your Zip account.
To ensure we access the information required to assess your application, please provide the bank details for your 'everyday account' i.e. the account to which your income is deposited and which shows your regular transactions.
Your privacy and security is Zip's utmost priority. Together with Illion and their BankStatements.com.au product we ensure the bank verification process employs bank-level SSL encryption technology and firewall systems to securely gain a one-time ‘read only’ view of your transaction history. Zip does not view your banking credentials.
If your application is referred to our Accounts team for review and we require additional banking information, we will send you a new banking link via Credit Sense to provide the required information. This process employs the same safety and security protocols as outlined above.
To learn more about how Zip protects your information, you can view our Privacy Policy here.