Paylink

What is it?  If you agree to let it have access to your bank account can it see all transactions and to whom?  Can it see your standing orders and direct debits?  Can it see linked credit card/savings accounts?  How far back in your bank records can it go?  Does it have any impact or is it recorded in your credit history? How do you cancel its access?   I've searched on google but there doesn't seem to be much information of any detail about it.

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  • grumbler
    grumbler Posts: 58,629
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    I don't know what's 'Paylink', but if it uses Open Banking, see https://www.openbanking.org.uk/why-open-banking-is-safe/
    >>  When I share my banking data via open banking, what information will companies be able to see?




  • eskbanker
    eskbanker Posts: 29,971
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    PayLink seems to be a company, one of whose offerings is Embark, a financial planning tool, which seems to be used by other organisations such as Eon to access data via Open Banking - what's the context here, i.e. how have you been made aware of it in the first place?

    https://www.paylinksolutions.co.uk/
    https://www.paylinksolutions.co.uk/embark/
  • eskbanker said:
    PayLink seems to be a company, one of whose offerings is Embark, a financial planning tool, which seems to be used by other organisations such as Eon to access data via Open Banking - what's the context here, i.e. how have you been made aware of it in the first place?

    https://www.paylinksolutions.co.uk/
    https://www.paylinksolutions.co.uk/embark/

    Embark in relation to Eon
  • eskbanker
    eskbanker Posts: 29,971
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    What is it?  As above
    If you agree to let it have access to your bank account can it see all transactions and to whom? Yes
    Can it see your standing orders and direct debits? Yes
    Can it see linked credit card/savings accounts? Not without your explicit consent
    How far back in your bank records can it go? As far as they're visible
    Does it have any impact What did you have in mind?
    or is it recorded in your credit history? No
    How do you cancel its access? You should be able to cancel either via Eon or your bank
    I believe these are the answers, but the Eon site doesn't give much away without registering!
  • Also used by Octopus to create payment plans


  • starving_artist
    starving_artist Posts: 862
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    edited 12 November 2023 at 8:50PM


    eskbanker said:
    What is it?  As above
    If you agree to let it have access to your bank account can it see all transactions and to whom? Yes
    Can it see your standing orders and direct debits? Yes
    Can it see linked credit card/savings accounts? Not without your explicit consent
    How far back in your bank records can it go? As far as they're visible
    Does it have any impact What did you have in mind?
    or is it recorded in your credit history? No
    How do you cancel its access? You should be able to cancel either via Eon or your bank
    I believe these are the answers, but the Eon site doesn't give much away without registering!
    Thanks!  I'm a bit taken aback that it is so intrusive. I'm surprised there's not more discussion about it.  Their website is very much about the advantages for the client company.

  • eskbanker
    eskbanker Posts: 29,971
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    eskbanker said:
    What is it?  As above
    If you agree to let it have access to your bank account can it see all transactions and to whom? Yes
    Can it see your standing orders and direct debits? Yes
    Can it see linked credit card/savings accounts? Not without your explicit consent
    How far back in your bank records can it go? As far as they're visible
    Does it have any impact What did you have in mind?
    or is it recorded in your credit history? No
    How do you cancel its access? You should be able to cancel either via Eon or your bank
    I believe these are the answers, but the Eon site doesn't give much away without registering!
    Thanks!  I'm a bit taken aback that it is so intrusive. I'm surprised there's not more discussion about it.  Their website is very much about the advantages for the client company.
    The client company is expected to explain its use to the end customer, and Eon makes it clear that it's "Our affordability tool to build an accurate picture of your income & expenditure" - nobody is forced to use it though!
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