Bank Feed Terms of Use

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Bank Feed Terms of Use

Thanks for selecting automated bank feeds to help us assess your Nimble loan application. The bank feeds are enabled by our external service providers, Yodlee and MoneyBuddy Data (trading as Bankstatements.com.au) (each referred to as Bank Feed Provider). We are required by law to consider your bank statements and this document outlines your rights and obligations in using the automated bank feeds so Nimble can provide the credit services 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, Yodlee and/or MoneyBuddy Data (trading as Bankstatements.com.au), as our agent, will provide us access to your transaction history from the account(s) linked to each of the internet banking login information that you supply during your loan application. We are only authorised to have read-only access to your account balances, transaction details and account names so we can assess and manage your loan application now and in the future and help us tailor or develop existing or new products, services or offers, performing research and statistical analysis and selectively target promotional offers and opportunities to you in accordance with our Privacy Policy.

After you have logged in to your internet banking, the Bank Feed Provider will collect at least the last three months' (or such longer period, as Nimble directs) from the date that you apply for a loan, of your bank transaction history from the account(s) under that login and provide them to Nimble. Accordingly, Nimble does not have access to, nor are we able to store your log-in details. The Bank Feed Provider will continue to collect your transaction history for a reasonable time after your application.

Once you have used bank feeds for a Nimble loan application, you will not be requested to login again on your subsequent loans. However, if your login details have changed, or you have changed the bank account where your income is paid into, you will be required by Nimble to login to use the Bank Feed Provider's service again.

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 dealt with further in our Privacy Policy, available on our website.

E-Payments 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're agreeing:

If you have any questions about security and bank feeds, visit our website nimble.com.au/security/ or you can also obtain further information directly from the Bank Feed Provider. To submit your bank statements manually, please contact our call centre on 133 156. Please note that by using other bank statement methods, it will take longer to process your loan application.