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Satago Customer Support
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  • Getting Started
  • Credit Control
  • Risk Insights
  • Invoice Finance
    • What happens if a financed invoice goes into dispute?
    • Do I need accounting software to get finance?
    • How long does it take for funds to arrive in my bank account?
    • Can I sign up for finance pre-emptively?
    • Are there any termination fees if I want to stop using invoice finance?
    • What information do I need to provide to apply for finance?
    • Bank verification with Open Banking
    • Pushing invoice finance information to Xero accounts
    • Why should I use Satago finance?
    • My bank isn't included on your list for verification?
    • What can I do if I've been declined for Invoice Finance?
    • How long does it take to get Invoice Finance?
    • How will I know when all Invoice Finance checks will be complete?
    • Who does my customer pay once my Invoice Finance has been agreed?
    • My customer has paid me directly not the Client Account
    • Why are some invoices not eligible for finance?
    • How do I account for invoice finance?
  • Accounting Software Connections
  • Sage 50 Connection Help
  • Invoices & Payments
  • Managing your Account
  • Partnering with Satago
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Bank verification with Open Banking
Updated Dec 16, 2024

    Bank verification with Open Banking

  • Verified

    • Satago's registration process is quick and simple, and as part of our Anti Money Laundering checks we verify each client's bank account ownership before we release any funds.

    Satago uses tink an online information service provider of Open Banking which is a UK government standard.

    tink are regulated by the FCA (an Authorised Account Information Service Provider, FRN number 833787). You can find out more on the Open Banking website.

    Open Banking is all managed online, so just like logging into your online banking, you can grant permission for providers of financial services to see information from your bank account securely online.

    Open Banking removes Satago's need to obtain paper documents to verify bank details with you. Your bank will only allow authorised and regulated financial services firms to connect with your bank account and they will also let you remove access to any business you?ve connected from within your online banking.

    Satago uses tink to access your account information for the consented period of 90 days.

    tink allows you to connect to many of the high street banks. Below is the present list of banks

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