Is it safe to link my bank account with Mono?
Yes, it's safe when using verified platforms like Mono, your login isn't stored, no money can be moved, and you control access.
When you link your bank account for income verification on Tenalet, you're giving temporary, read-only access to 6 to 12 months of your transactions in order to confirm your income. You're not handing over control of your account.
Mono is a CBN-licenced company that uses a technology called open banking, and it's the same secure method used by apps you already trust, like budgeting apps, investment platforms, and payment services.
But what exactly is open banking?
What is open banking?
Traditionally, if you wanted to prove your income, you'd download bank statements, print them, and hand them over. This process was slow, inconvenient, and meant sharing far more information than necessary.
Open banking changes this. It's a modern system that lets banks securely share your financial data with authorized third-party services — only when you give permission.
Here's the process: Banks create secure connections (called APIs) that allow licensed companies like Mono to access customer data. Then, companies like Mono create their own APIs that let businesses like Tenalet verify your information quickly and securely.
What Mono does:
Connects securely to your bank account (read-only access)
Reads your transaction history
Analyzes your income patterns
Generates a verification report for Tenalet
What Mono cannot do:
Withdraw money from your account
Make transfers or payments
Access your money in any way
Share your data with anyone except Tenalet (for this specific application)
Store your banking passwords
Need more help? Contact support at support@tenalet.com
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