Is there a charge to use open banking?

When you connect your bank accounts through open banking, we can see:

- Your account details, balance and transactions for the last 5 years

- Your regular payments and standing orders

- An instant, virtual copy of your transactions We use this information to:

- Run your credit risk and affordability assessment

- Give you a clear overview of your accounts

- Set up a direct debit from your nominated current account

Please note: we’ll only use information from your savings account for affordability calculations.

We won't:

- Share your data with third parties (unless needed for our underwriting, ID checks or tracing activities)

- Use your savings accounts for repayments, including direct debits See our privacy policy for more information.

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