Why is Close Brothers Motor Finance asking for my consent to use Open Banking?

When you apply for financing from Close Brothers our Underwriters have to assess whether you will be in a position to meet your repayments and whether it will be affordable for you. We do this by looking at your regular income and expenses, including by reviewing bank statements.

Open banking allows us to complete this review more quickly and thoroughly without the need for you to provide us with bank statements. It is more convenient for you and will mean we can make a more speedy decision.