Bank Feed Terms

Consideration

In consideration for your agreement to be legally bound by these Terms and Conditions, Venture 5 Group Pty Ltd (trading as Cash N Go) (we or us) agrees to consider your application for credit.

Nothing in these Terms and Conditions constitutes an agreement by us to provide credit to you.

Our Authority

You agree that we may perform the following activities in relation to your Bank Account:

• collect and store the login credentials for your Internet Banking Facility
• log in to your Internet Banking Facility as your agent using the login credentials you provide to us
• access information about your Bank Account available in your Internet Banking Facility, including but not limited to:
  • account details – BSB, account number
  • account balances
  • transaction history
  • account statements
  • accountholder names
  • accountholder telephone numbers, and
  • accountholder email addresses
• store information about your Bank Account on our information systems for as long as reasonably necessary to enable us to carry on our business, and
• use information obtained about your Bank Account to decide whether or not to provide credit to you.

You acknowledge and agree that we act as your agent in performing the activities in clause 1.

You agree to provide us with your Internet Banking Facility login credentials to enable us to perform the activities in clause 1.

We will store your login credentials securely in an encrypted format. Whilst we will take reasonable steps to ensure that your login credentials will be protected from misuse, interference and loss and from unauthorised access, modification or disclosure, we accept no liability for any loss or damage suffered by you as a result of misuse, interference or loss or unauthorised access, modification or disclosure of your login credentials.

Using your Bank Account electronically by Internet Banking Facility is typically covered by the ePayments Code. If the provider of your Bank Account is a subscriber to the ePayments Code, you have rights and obligations in respect of sharing your Internet Banking Facility login credentials. As such, by using the Bank Feed Provider's service, there is a risk that your rights under the ePayments Code may be affected. Your Bank Account provider may not necessarily endorse us accessing your Internet Banking Facility, and/or you may be liable for any unauthorised access or fraudulent activity on your account. You should check with your Bank Account provider if you have any concerns about this.

You acknowledge that providing your login credentials for your Internet Banking Facility to us may affect your rights under the ePayments Code. We are not liable for any diminution in your rights under the ePayments Code resulting from actions taken pursuant to these Terms and Conditions, or any loss or damage resulting from any diminution in your rights under the ePayments Code.