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

Other helpful FAQs.

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