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What is BankStatements.com.au? Why do I need to provide my bank statement information?

Responsible Lending criteria mandates Revolut and lenders to conduct reasonable assessments of your ability to repay a loan. Bank statements play a crucial role in this assessment as they provide insight into your income, wages, existing loan repayments, and expenses.

We utilise a service offered by a third party partner BankStatements.com.au, provided by the Australian-owned organisation Illion, a credit reporting body. This service performs a one-time, read-only retrieval of your bank statement data. Your login credentials will never be stored, but rather encrypted and securely transmitted to Revolut solely for the assessment of your application. This service is important for us to have the right documents and speed up your application process.