When does Open Banking start?
Non-major banks, building societies and credit unions – like Beyond Bank – are required to share product reference data by 1 October 2020. The major banks have been sharing product reference data since July 2019.
Where a customer has requested it, major banks will be required to share data to accredited data recipients from 1 July 2020. This includes:
- Customer data
- Account data
- Transaction data
- Product Specific data
https://www.beyondbank.com.au/need-help/when-does-open-banking-start