Paylink

starving_artist

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.

grumbler

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

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/

starving_artist

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

starving_artist 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!

friolento

Also used by Octopus to create payment plans

starving_artist

eskbanker said:

starving_artist 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

starving_artist said:

eskbanker said:

starving_artist 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!