Open banking is a secure and convenient way for you to share your financial information with regulated service providers. By giving providers access to your financial data, they can tailor products and services to your needs.
Open banking can also give you better insights into your finances and means that someone else is doing the hard work for you.
Open banking uses highly secure data transfers to share your transaction data with regulated service providers.
With your permission, banks can securely send transaction data to service providers. And you can withdraw your permission at any time.
Our open banking provider is DirectID, which is authorised and regulated by the Financial Conduct Authority.
For more information about what open banking is and how it works, visit the open banking UK website.
Our open banking app is called Choices. It’s designed to take the stress out of saving by analysing your transactions and making suggestions on how you can reach your financial goals.
Once you’ve connected your bank account, you can see how much you may be able to save each month or as a one-off payment. And you can set savings priorities in the app to help you understand what you need to save to meet your goals.
The app will also identify and flag up to you anything which may have an impact on you reaching those goals.
Do future you a favour – download the app now and start saving the money you need to help fund the future you want.