Yes, it’s safe to link your bank account to the Paydown app, and here’s why:
We are authorised and regulated by the FCA our registration number is 1017010
Top-Level Security: Paydown uses bank-level encryption to protect your data, which means your information is secure and only accessible to you and authorised systems within Paydown as read only.
Trusted Compliance: Paydown follows all necessary financial regulations to keep your data safe and private, so you can trust that your information is in good hands.
Privacy First: Your information is only used to help complete an affordability check and won’t be shared without your permission. Paydown values your privacy.
Full Control: You’re in control of your data. Paydown gives you options to link and unlink your bank account, adding peace of mind.
In short, Paydown takes your security seriously and has taken all the right steps to protect your data while making your experience easier and safer.