How does the Automated Bank Statement feature work?

Last Updated: Oct 31, 2017 09:32AM PDT

Automated Bank Statement (ABS), is a super useful tool that allows you to log in to your online bank account directly and securely to verify your banking information when applying for a loan. That means getting funded just got faster and easier. Yay for that!

If you’ve selected ABS, just connect to your bank account (the one where you receive your paychecks) directly and securely from your MogoAccount. Simply enter your credentials when prompted. Once connected, we will receive a copy of your bank statement. Easy peasy. Don’t worry, the process is completely secure. We won’t receive any of your banking login credentials.

We recommend selecting ABS so you can get funded faster. But if your bank isn’t in our list of supported institutions, you can always upload your bank statement manually. Who doesn’t like having options?

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