Open Banking
What is Open Banking?
Open Banking is part of the Consumer Data Right, which was introduced after the Australian Government passed legislation to give consumers better access and control over their personal financial data across organisations.
Open Banking gives you the ability to share your banking information with accredited third parties – making it easier for you to manage, compare and switch banking products and services.
Benefits of Open Banking
Open banking allows you to manage your finances across organisations easier, compare products and more, in a consolidated view. Through Open Banking you can safely share your personal financial data between trusted organisations and third-party apps.
You can also view and search a list of accredited providers who can receive or hold your data. See the list of current providers.
Consumer Data Right Policy
View our policy on how we deal with your data.
Frequently asked questions
No. Selected data will only be shared with accredited third parties once you have authorised it.
You can share your account summary, balances and transaction history and more for open accounts such as:
Credit or debit cards
Term deposits
Transaction and savings accounts
Your Bank First data will only be shared with accredited third parties once you have authorised it. After you’ve authorised a third party to access your data, you can revoke that access at any time and ask for your data to be deleted.