Free Bank Statement Health Check
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Understand what your spending means to lenders
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See where to improve your financial health
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Get your bank statement health score
AS FEATURED IN
Our Promises
100% free to use
Anonymous and secure data analysis
Easy to understand report
Clearly show how to improve your score
How it works
1
Create a free secure account
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Securely send your bank statement data
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Money Matchmaker® algorithm analyses
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Understand your report
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Make changes to your spending
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Apply with confidence
We'll help you understand and improve your bank statements to make you financially stronger
Find out how financially strong you are - before you apply
Lenders use financial technology to assess your bank statements to make a final decision on your financial strength and ability to repay your loan.
Money Matchmaker® Bank Statement Health check works in a similar way, analysing your bank statements like a lender would to give you an overall health score, and show you any areas that could flag you with a lender.
Hear from people who improved their bank statements
What is Bank Statement analysis?
Everyone has a bank statement, a universal document that contains all of their transaction histories. A bank statement is a valid record of your income and expenses and gives a fair view of your financial health.
Bank Statement analysis is the process of reviewing your statements to assess the level of risk involved in lending you money.
It looks at whether you have an acceptable history in maintaining funds and if you are capable of repaying a loan.
It summarises your spending patterns, level of income and discretionary spending amount at the end of the month.
What the analysis looks at
Money Matchmaker® looks at the key areas that lenders use to determine your ability to service the loan:
- Income type
- Discretionary spending
- Current debt
- Dishonours
- Collections or fines
- Overdrawn account
- Gambling spending
- Banking patterns
Bank Statement Analysis FAQs
How do you get my bank statements?
We ask you to login via a secure 3rd party provider, they are an Australian leading provider in bank statement data so are incredibly secure. Your login details are never stored. You can find out more about them here: https://www.illion.com.au/
How secure are my bank details?
- We never store online banking credentials
- Our service is independently tested and audited by external security experts
- Data is encrypted with bank level 256-bit encryption, secured by 2048-bit keys
- Statements are only provided to Money Matchmaker®
Who authorises you to get my bank statements?
You do. We can’t get your bank statements without your permission. We can only draw them once. So when you want to review them again we need your permission again to fetch them. We use an independent provider of web based bank statement data retrieval services.
What do you do with my bank statements?
We store them in a secure database so that Money Matchmaker's® algorithm can access them and analysis the data.
How much does it cost?
It's a completely free service, there are no ongoing fees either. You can analysis your bank statements each month as you make changes.
What security measures are in place?
Security is our highest priority. All data sent to our server is encrypted with 256-bit encryption, secured by 2048-bit keys. This is the same level of encryption that the banks use.
Written by
Loans Expert
Shaun McGowan
Reviewed by
Editor
Sean Callery
