You can connect up to 5 bank accounts to your Pave app, and if you would like to receive low balance alerts, you should connect the accounts you are paid into and pay your bills such as phone contracts, utilities or council tax from.
Why would I want to connect my bank account?
You may want to connect your bank account so that we can alert you when important bills that affect your credit score are at risk of not being paid on time.
Repayment history is a significant influence on your credit score across all Credit Reference Agencies, and so ensuring your bills are paid on time is really important in maintaining a good score.
How do these alerts work?
1. We analyse your account history and identify recurring bills and subscriptions through Open Banking. Our app will then show you your recurring subscriptions and bills.
2. We send smart alerts to encourage on time payments of recurring expenses. On time payments show that you can repay expenses on time and in full, and can help build your credit score.