A banking information check is used to confirm that the origin of funds that are used for a specific transaction come from legitimate sources. This check uses Open Banking technology to allow you to give your legal services provider secure access to certain financial information while providing them with the knowledge that the information you are supplying is up to date, correct and genuine.
How do banking information checks work within Amiqus?
You will be directed to your banking provider where you will login to your online banking. You will then be prompted to allow your legal services provider access to your financial information to verify your account balances, transactions, account ownership, income or affordability.
If your banking provider or account type is not supported yet by Open Banking technology, we have introduced a fallback route that will allow you to manually add a banking provider and account details, including uploading bank statements for the requested period e.g. 1, 3, 6, or 12 months instead, so that you can complete the Banking Information check.
Note: No login data is visible to Amiqus or stored in our system. You are in complete control of what data is shared with the business you are transacting with, and how long it can be accessed. You can revoke it at any time.
Who will see the data that is pulled back?
Our provider for banking information checks, TrueLayer, are used to connect to the different bank APIs securely. None of your banking login data is visible to Amiqus or stored in our system. The information that you do share will only be visible to your legal services provider.