For some digital banking is mandatory, in which case, to ensure a successful connection, it's imperative to first fill out the Banking section.
We understand sharing digital bank statements may seem intrusive for some, if you would like to understand more as to why you are required to provide your financial information, please follow the link below for more information ⬇️
Banking
Law firms and solicitors must be aware of the origin of large sums of money to prevent money laundering and fraud. Here's a guide to connecting your digital banking:
Step 1: Find your bank in the list provided.
Step 2: Read the consent page and allow access if you want to proceed. Please note that this will redirect you to your bank's app to finalise the process.
Step 3: If the connection is successful, you'll see a success screen. If that's taking too long, please reopen the app again and it should show the digital statements added.
Savings not showing
Sometimes, some banks, although the have open banking, they will make available current accounts or credit cards digital statements and may not make available the ones for savings account.
If this is happening to you, don't worry, you can go back to the "What is the source of funds list" and search for "Other", enter the amount of savings there.
Please remember to upload the appropriate bank statements for them as further evidence.
Declaring the non-banking Source of Funds
Once digital banking has been added, use the following steps to declare the rest of your funds.
Keep in mind the three things below when completing this section successfully:
If you're a buyer, you must add up to the property's purchase price.
If funds come from a donor, select the option "gift."
If they come from a co-buyer, add the rest to "co-buyer funds."
Step 1: Tap "add more funds."
Step 2: Choose where the funds are coming from and add them to the relevant category.
Step 3: Keep adding until you have a clear breakdown of the total funds' origin. Repeat this process until your "Confirmed funds" match your "Funds required."
Forced to Connect to Online Banking
If you don't want to connect to open banking, don't have online banking, or your bank isn't listed, but the completion of this section is mandatory, you should communicate your reasons to the requester of your check and ask for alternative steps in your onboarding process.
The mandatory sections in the app are set by the person or business requesting the check, not by Checkboard.