Open Banking checks are really safe. It’s almost as safe as doing your banking online.

• Open Banking relies on software and security systems that have been well tested. You will never be requested to give anyone other than your own bank or financial institution access to your bank login data, PINs, or passwords.
• The Open Banking API endpoints were created by the banks and have undergone thorough testing by both the banks and a number of permitted and regulated third parties.
• The Open Banking Directory is only open to apps and websites that are regulated by the FCA or a European National Competent Authority.
• If an unlawful payment is made, your bank or credit union should reimburse you. Data protection regulations and the Financial Ombudsman Service also protect you.
• You decide when, with whom, and for how long your data is shared.