Why Does Fig Need to Verify My Bank Account Details?

As a responsible Canadian lender, Fig verifies your bank account details during the loan application process to ensure we provide loans that are secure, suitable, and aligned with your financial situation. This verification step is required for both compliance and customer protection purposes.

Why Is Bank Verification Required?

We verify your bank account to:

• Confirm your identity and match your information with a valid Canadian personal bank account in your name
• Ensure the account can receive your loan funds and support automatic repayments
• Review your financial activity to determine your ability to repay the loan
• Identify potential fraud or inconsistencies that may affect your application
• Comply with legal and regulatory requirements for consumer lending in Canada

How Does Fig Verify Your Bank Account?

As part of the application process, Fig uses a secure third-party service called Flinks to verify your bank account. This verification is temporary, read-only, and encrypted. It allows us to confirm your account ownership and assess eligibility based on a variety of factors without storing your login credentials.

Note: Only Canadian personal bank accounts held in the same name as the Fig loan applicant can be used. Joint accounts are accepted if your name appears on the account. Business or third-party accounts are not eligible.

How Does This Help My Application?

Bank verification allows us to:

• Provide a faster and more accurate application process
• Offer loan amounts and terms that are aligned with your financial reality
• Make lending decisions that reduce risk and protect you from unmanageable debt

This step is an important part of Fig’s commitment to responsible lending.

Is My Information Safe?

Yes. Your privacy and security are a top priority. Bank credentials entered through Flinks:

• Are never seen or stored by Fig
• Are used only to establish temporary read-only access
• Are encrypted and handled in accordance with strict data protection standards

Need Help Linking Your Account?

If you're having trouble verifying your bank account or using Flinks, visit: Link Your Bank Account With Flinks

You can also reach out to our customer support team at support@fig.ca for assistance.