Open Banking

The Society uses Open Banking to create a faster and more efficient way for customers to share bank statements in a digital and secure manner.

This supports the affordability assessment of income and expenditure in connection with a mortgage application and removes the need to upload or email copies of bank statements potentially reducing the time to give a lending decision.

The Chorley Building Society uses consents.online, a third party to enable the sharing of your bank transaction data with the Society.

To provide consent to use Open Banking, applicants simply click on https://connect.consents.online/chorleybs/ which provides a quick, easy and secure way for a customer to share their information with the Society.

To find out more about how consents.online works please click on the following headings:

Firstly, consents.online use bank-level security, rigorously tested software and security systems. By using consents.online to share your data you’re always in charge. You decide what information companies can access and for how long. No one gets access unless you say so.

Consents.online are also regulated by the Financial Conduct Authority as an Account Information Service Provider (AISP). To provide our Open Banking service consents.online must comply with the strict rules of the Financial Conduct Authority or a European equivalent.

To see consents.online’s credentials, Click here

Consents.online is a regulated Account Information Service Provider (AISP), regulated by the Financial Conduct Authority. Consents.online offers a quick, easy and secure way to share your information with service providers using Open Banking.

Consents.online has teamed up with Chorley Building Society to help them when they need more information to process an application. Open Banking powered by consents.online as the AISP is a great way to securely share your information quickly and easily with Chorley Building Society.

In addition to helping you share your data in a safe and secure way, consents.online also provides you with access to a free portal where you can see what information you’ve shared as well as allow you to control and revoke access to your data at any time.

Should you choose to revoke access, it will mean that consents.online and any services you previously granted access to will no longer be able to view your information going forward. Putting you in control of your data.

Consents.online is authorised and regulated by the Financial Conduct Authority in order to act as an Account Information Service Provider (AISP).

Consents.online is authorised to access the Open Banking APIs made available to it through the UK Government’s Open Banking initiative. Consents.online uses bank-level security as well as rigorously tested software and security systems. By using consents.online to share your data you’re always in charge. You decide what information companies can access and for how long. No one gets access unless you say so.

To provide our Open Banking service we comply with the strict rules set out by regulators such as the Financial Conduct Authority (FCA) and the Information Commissioner’s Office (ICO). Our Financial Conduct Authority (FCA) registration number is 792642. To see consents.online’s credentials Click here

No, it is completely free for all customers.

You can opt-out of Open Banking services at any time through the consents.online website or directly through your bank/building society. When you opt-out it will mean that consents.online and any services your previously granted access to will no longer be able to view your information going forward

Not all banks in the UK support Open Banking. If you cannot see your bank or building society listed, we recommend you contact Chorley Building Society to ask for an alternative method to share your bank transactions with them.

consents.online will connect to your account directly using Open Banking APIs. An API – or Application Programming Interface – is a software intermediary that allows two applications to securely talk to each other.

When it comes to Open Banking, think of it as a secure package of data being transferred between two places. It’s extremely secure and delivers only what is necessary and nothing more. consents.online make a request via the API, your bank responds to it by packaging information up, encrypting it and sending back – but the distance between the two is maintained at all times.