Question 1

What is YourOwn Wallet?

Accepted Answer

YourOwn is a secure and user-friendly wallet that puts you in control of your financial data. It serves as your hub to consolidate and manage all your financial data in one convenient place. Whenever you need to share your financial data for processes like loan applications, rental applications, or financial planning, YourOwn allows you to do so with just a few clicks. You have complete control over what information you share and with whom, ensuring the utmost privacy and security of your valuable data.

With the wallet, you can seamlessly link your income sources, bank accounts and investments, providing you with a comprehensive overview of your financial picture. Additionally, you can securely upload and store important documents, such as tax records, ensuring that all your vital information is readily accessible.

YourOwn prioritizes data protection, using military-grade encryption and secure protocols to safeguard your personal and financial information. With YourOwn, you can confidently take charge of your finances, streamline various processes, and make informed decisions, all while maintaining full control over your valuable data.

Question 2

How much time can I save?

Accepted Answer

With just a few clicks, you can generate a complete financial profile package and share it with the intended recipient, whether it's a lender, property manager, or financial advisor. This process, which could traditionally take hours of tedious work, is now simplified to a matter of minutes.

For a typical data sharing scenario, such as applying for a loan or rental property, YourOwn can save you hours The time adds up quickly when you consider most people apply to 2-3 apartments before they land one or shop around with a few lenders for best loan rate. Instead of spending time compiling bank statements, pay stubs, investment account details, and tax documents from multiple sources, YourOwn consolidates all this information in a secure wallet.

Moreover, YourOwn's automated updating ensures that you always have access to the latest versions of your linked financial data, eliminating the need to continuously request and compile new statements or records.

Question 3

What information can I manage in the wallet?

Accepted Answer

YourOwn provides a wallet to securely store and manage a wide range of financial information. This includes:

Income Sources: Link or upload your employment details, paystubs, and other income documents to verify income.
Assets: Link bank and investment and retirement accounts.
Liabilities: Track your outstanding debts, loans and credit cards. 
Tax Documents: Securely store and access your tax returns, W-2 forms, and other tax-related documents for easy reference.
Personal Identification: You can upload government-issued IDs, such as your driver's license, for identity verification purposes.

The more comprehensive and up-to-date your profile is, the better equipped lenders, landlords, financial advisors, and other professionals will be to accurately assess your financial situation and provide tailored guidance or services.

Question 4

Is my data automatically updated?

Accepted Answer

Your linked account information is always up to date and verified with your credentials. Account balances are updated every time you login. Account statements and asset reports automatically collected include the most recent 90 days of data.

Question 5

Does YourOwn automatically pull account statements?

Accepted Answer

Yes, YourOwn automatically pulls native account statements if supported by the institution or generates asset reports from linked accounts. These reports include account balances, transactions, employer information, gross and net income, and identity details.

Question 6

Can third parties accept data from YourOwn?

Accepted Answer

Yes, you can conveniently share your financial data with any trusted recipient's email address or cloud storage. Whether you're applying for a loan, rental application, or working with a financial advisor, you can easily control what you share when. In the future, direct share with preferred partners via API will be available, making the share process even faster and more secure.

Furthermore, linked account data is compliant with industry lending standards like Fannie Mae and Freddie Mac. This means using YourOwn will meet requirements when applying for loans with banks, brokers or lenders. Income data is also verified to meet the requirements of rental applications.

Question 7

Who can use YourOwn?

Accepted Answer

Currently, YourOwn is available to people in the United States.

Question 8

How many institutions can YourOwn link to?

Accepted Answer

YourOwn securely links to over 12,000 US financial institutions. YourOwn also covers 85% of the US workforce through payroll providers, giving you access to income data, pay stubs, W2 forms, and 1099s.

Question 9

Is there a cost?

Accepted Answer

YourOwn is currently available to use at no cost. We believe in providing a secure and user-friendly platform for managing your finances without any upfront fees or subscription charges. In the future, we plan to introduce a premium subscription option that will offer advanced features.

By offering a freemium model, we aim to make YourOwn accessible to everyone, regardless of their financial situation. Our goal is to empower individuals to take control of their finances without any barriers to entry.

Your financial well-being is our priority, and we are committed to delivering a valuable service while maintaining transparency about costs. As always, our support team is available to answer any questions you may have about our pricing or services.

Question 10

Is there a mobile app?

Accepted Answer

Yes, you can download mobile the mobile apps here:

Apple - https://apps.apple.com/us/app/yourown-wallet/id6499210996?platform=iphone

Android -  https://play.google.com/store/apps/details?id=com.yourownwallet.app&hl=en_US