Open Banking.

Getting your data, safely and securely, to find the right banking products for you.

Other Helpful FAQs

Open Banking

The Australian Government passed the Consumer Data Right (CDR) in 2018, giving customers greater access to, and control of, the data associated with the products and services they use.

Open Banking is the first phase of the CDR, which will allow for consumers and businesses to consent to transfer data held about the products and services they use to third parties – allowing greater competition in the banking sector.

Energy and telecommunications sectors will apply the CDR after Open Banking.

As a Beyond Bank customer, you can share your data dating back to 1 January 2017.

For our Nexus Mutual Customers, at this time you can only share your data back to 1 January 2019. Transactions and accounts information back to 2017 are being investigated.

You can stop sharing your data at any time following these simple steps.

  1. Login to Internet Banking using your Beyond Bank member number and password.
    Please note: you are unable to stop sharing in the Mobile App. This must be completed via Internet Banking.
  2. From the main menu, click on Services, then Sharing. You will then be taken to a list of your Open Banking sharing arrangements.
  3. Select the organisation that you would like to stop sharing data with.
  4. Scroll to the bottom of the page and click Stop sharing.
  5. Confirm the details are correct and click Stop sharing again.

If you get stuck and need help, please call us on 13 25 85 and we can assist you.

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