We ask you to verify your authority and access to external financial accounts, confirm your ability to access such accounts, and verify your financial information as part of the application process (“Bank Verification”). The Bank Verification process is subject to the following terms and conditions (“Terms”). Proceeding with Bank Verification constitutes your assent to and acceptance of these terms and conditions.
As used hereafter, the terms “you” or “your” shall mean the consumer submitting an application, and the terms “we” or “our” shall refer to Opportunity Financial, LLC.
Application Verification Process.We may verify your bank account by using one (1) of the methods set forth below:
- Bank Account Verification (“BV”): It may be possible to verify your bank account quickly and securely through the automated BV process. If you choose to proceed with the BV process, we will ask you to provide your online banking information to third-party BV processing partners (“Processing Partners”), and by entering your online banking information now or in the past, you grant authority to our Processing Partners to use your online banking credentials in furtherance of this application and applications for additional financial products that you may apply for on the OppLoans website in the future. By choosing BV to process and verify your banking information, you authorize OppLoans to access secure, read-only reports of your banking data (“BV Reports”) from the Processing Partners as necessary to complete any of your credit applications and verify your eligibility for the financial products offered through the OppLoans website. OppLoans and its lending partners do not store your user ID, password, or any other online banking credentials. This service is currently only available during the application process through the OppLoans website. If you are unable to complete the BV process or choose to not utilize BV option, you may be required to verify your bank account using the Standard Bank Account Verification method set forth below which may cause delays in the completion of your application.
- Standard Bank Account Verification: If you are unable to use the BV system or choose to not utilize the BV option, in order to complete your application, you will be required to securely upload bank documentation via the OppLoans customer portal for your loan application. Failure to provide the required documentation will cause your application to be delayed and remain incomplete.
Please Note: All applicants must verify their bank account information by one of the above methods in order to be eligible for a loan through OppLoans. You understand and acknowledge that providing your bank account information as part of your loan application does not represent or imply that your loan application has been, or will be, approved. Please contact us if you have any questions at firstname.lastname@example.org or (855) 408-5000.
Supplemental Verification of Active Accounts. OppLoans and its lending partners may from time to time use our Processing Partners to confirm the bank account that you have provided is open and active.