They wanted to link to my AIB account which was basically giving them permission to nose around in it for up to 90 days. I understand they need to asses risk but found it very unusual.
Put it off for the moment
When you say "...link to..." your AIB account, what exactly does that mean? Do they have read only access, or could they (in theory at least anyway) initiate transactions?They wanted to link to my AIB account which was basically giving them permission to nose around in it for up to 90 days. I understand they need to asses risk but found it very unusual.
I presume it’s read only, I stopped the application before the end but I think the next step was to log in to my AIB online banking via the Revolut app so they can access it to check my finances,When you say "...link to..." your AIB account, what exactly does that mean? Do they have read only access, or could they (in theory at least anyway) initiate transactions?
Do you have to give them password / pin number details?
Wow! That's intrusive. Don't like the sound of that at all.I presume it’s read only, I stopped the application before the end but I think the next step was to log in to my AIB online banking via the Revolut app so they can access it to check my finances,
How else would you expect them to assess you for credit ?
A few years ago, a lender would have asked for 12 months bank statements, to see how you manage your finances, now Revolut just do it electronically.
I did just this on Sunday, Revolut loan into my account instantly and transferred it to my AIB account. Arrived Monday morning and I immediately paid off my AIB loan.Was just looking today and they were offering loans at 5.98%, this is way below what I am paying AIB, just under 9% I think.
I have a small personal loan of €4000, was considering using a Revolut loan to pay off the AIB loan, up the repayment and cut the time left on it.
They wanted to link to my AIB account which was basically giving them permission to nose around in it for up to 90 days. I understand they need to asses risk but found it very unusual.
Put it off for the moment
I don't have the loan option either - just the tab and the ability to sign up for the waiting list, which has been there for months. I did move to the new Revolut Bank this week and I *do* have open banking set up with my PTSB account, which is my primary account. So I dunno why I don't have the option.I don't see this loan option yet in my Revolut app on my phone. Interesting.
Just reading that you need to have open banking set up/linked i.e. the bank you get your salary paid into linked with Revolut.
This is not possible with KBC. Revolut/KBC open banking cannot be set up.
BOI/AIB/PTSB & UB can be
You have to opt in to join Revolut Bank (no charge) in the app before you can see the loan functionality. If they haven't offered it to you with a notification in app, they might be doing a phased roll-out.I don't see this loan option yet in my Revolut app on my phone. Interesting.
Just reading that you need to have open banking set up/linked i.e. the bank you get your salary paid into linked with Revolut.
This is not possible with KBC. Revolut/KBC open banking cannot be set up.
BOI/AIB/PTSB & UB can be
Payslips are generally password protected. Its very easy to open and save again without password using 'print as pdf' function. Try Google it - not that difficult.They will ask you for proof of ppsn so I used a screenshot of my payslip. This was rejected as their software can only read PDFs. Problem is my payslip is password protected so I would use revenue correspondence as proof if I ever do it again.
I had an issue with Airbnb with this. I then temporarily changed my "country of residence" to Lithuania and the iban was accepted. I then changed back to "Ireland".Check that your employer will facilitate using a non Irish Iban. Just noticed mine does not. Irish Ibans only.
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