Does Upstart check your bank account? This question is about Upstart

Does Upstart check your bank account?

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This question is about Upstart

Gino Rodriguez, Writer

@gino_rodriguez • 01/27/23 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.

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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.

To 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.

Answer Question

Does Upstart verify income for personal loan applications?

Yes, Upstart will verify your income when you apply for a personal loan. You will need to have a minimum annual income of $12,000 to ensure that you can make the monthly payments, and if you don't meet the minimum income requirement, you likely won't get approved.

Requirements for a Personal Loan Through Upstart

Have at least a $12,000 annual income from sources like a job, a job offer, disability or retirement...

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What does Upstart look for in bank account?

Does Upstart require bank statements?

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