Bank feed terms of use

We use automated bank feeds to help assess your loan application. The bank feeds are enabled by our external service provider Credit Sense Australia Pty Ltd.

We use your bank statements to help meet our responsible lending obligations. This document outlines your rights and obligations in using the automated bank feed so that Techno Loans can provide credit assistance to you. By entering your internet banking log-in details, you agree to these terms.

How does the service work?

Through the Bank Feed Provider's secure platform, Credit Sense Australia Pty Ltd (https://creditsense.com.au/consumers), as our agent, will give us access to your transaction history from the account(s) linked to the internet banking login you supply during your application. We only have read-only access to your account balances, transaction details and account names, so we can assess your application and, with your consent, share it with the licensed lenders that receive your application, in line with our Privacy Policy.

After you log in to your internet banking, the Bank Feed Provider will collect at least the last three months (or a longer period, as Techno Loans directs) of your bank transaction history from the account(s) under that login and provide it to Techno Loans. Techno Loans does not have access to, and cannot store, your log-in details. The Bank Feed Provider will continue to collect your transaction history for up to [X] days after your application.

The Bank Feed Provider may also use your de-identified transaction information for its process improvement, research, marketing and other related purposes. How your personal information is collected, used and disclosed is set out in our Privacy Policy.

ePayments Code

Using your bank account electronically by internet banking is typically covered by the ePayments Code. If your bank subscribes to the ePayments Code, you have rights and obligations in respect of sharing your internet log-in details. As such, by using the Bank Feed Provider's service, there is a risk that your rights under the ePayments Code may be affected. Your bank may not necessarily endorse or sponsor the Bank Feed Provider, and/or you may be liable for any unauthorised access or fraudulent activity on your account, so you should check with your bank if you have any concerns about this.

By entering your log-in details, you are agreeing:

• for us and the Bank Feed Provider(s) to access and retrieve information from your bank account(s) as your agent;
• that the information you provide is true, accurate and complete information about yourself and your bank accounts;
• that you will not misrepresent your identity or your account information;
• that your use of the Bank Feed Provider's services does not involve you breaching any of your obligations in relation to your bank account(s); and
• your use of the Bank Feed Provider's services is at your risk, and other than your rights under the law, we or the Bank Feed Provider will not be responsible for any loss suffered by you as a result of you providing your log-in details for accessing your bank statements on our behalf.

If you have any questions about security and bank feeds, email us at team@swiftloans.com.au or contact the Bank Feed Provider directly.

Important: We only accept your bank statements directly from the Bank Feed Provider.