Yes, Upstart will have to check your bank account after you submit your rate inquiry, which is an initial request for an APR estimate before you apply for the loan. Upstart verifies your bank account to confirm your identity, income and debt obligations so they can ensure the accuracy of your loan application.
See Also
What Is the Catch with Upstart? (2024)Upstart Personal Loans: 2024 Review - NerdWalletHow Long It Takes to Get Money From Upstart?How Long Does it Take to Release Mortgage Funds - Bolt MortgagesTo this end, you’ll have to provide login credentials for the bank account listed on your application.
Requirements For a Personal Loan Through Upstart
- Reside in a U.S. state other than Iowa or West Virginia
- Be at least 18 years old
- Have a valid email address
- Have a verifiable Social Security number, name, and date of birth
- Have a full- or part-time job, a full-time job offer starting in the next six months, or another source of income
- Have a personal bank account from a U.S. financial institution with a routing number
To learn more, check out WalletHub’s Upstart Review.
This answer was first published on 01/27/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
