Open Banking
Open Banking allows you to share your financial data with providers regulated by the Financial Conduct Authority (FCA) and pay directly from your account.
Open Banking explained
What is the purpose of Open Banking?
The aim of Open Banking is to increase competition in the banking industry. It’s an industry-wide change that we’ve implemented with the Competition and Markets Authority and other regulators, banks and registered companies.
What it means for you
You can choose to share your data with registered companies (known as third-party providers or TPPs) to pay in new ways. That means you can see account information from your other banks all in one place and make payments through other apps and websites. Remember, you’re in control and you choose which services you use and which providers you let access your information.
Frequently asked questions
Sharing data through Open Banking
If a registered third party is using Open Banking to access your Barclays data, they’ll always tell you what data they need, why they need it, and will ask you to give your permission. They then pass you on to us, either via our app or Online Banking, where we detail their request and ask you to confirm your permission. Once you’ve given your permission, we share that data with the third party on your behalf.
Key information
When using Open Banking, you’ll never be asked to share your log-in details
When using Open Banking, you’ll always be asked initially to give your permission through Online Banking or our app
When using Open Banking, you can manage your connections either through a TPP or us
Whenever you share your data, you should only share it with registered TPPs. You can check this on the FCA’s list of approved providers.
Open Banking can also be used to make a range of payments directly from your accounts so you can pay through third-party apps or websites.
How it works
- The third party confirms the payment amount and asks if you want to pay directly from your bank account. You need to confirm that you bank with us before you continue
- You’re passed on to Barclays Online Banking or the Barclays app
- We show you a summary of your payment, the amount and where your money will be going – if you have more than one account with us, you’ll need to confirm which account you’d like the money to be taken from
- Once you’ve given your permission, the third party will make the payment directly from your account.
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You always have to give your permission first
You always need to give us your explicit permission in Online Banking or your Barclays app before any data or payment information is shared. If you decide to share your Barclays account data with another provider, we always tell you exactly what data you’re sharing.
To check who you’ve already agreed to share data with, or to alter your existing connections, go to the ‘Manage open banking connections’ section of your Barclays app, or the ‘Manage open banking connections’ section of Online Banking.
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You can check your payments and how your data is shared
You can review your connections at any time in the Barclays app and Online Banking.
If you’d like to check the details of past payments made using Open Banking, visit the ‘Payment permission history’ section within ‘Manage payments’ in your app, or ‘Payment history’ in Online Banking
It’s your choice
Remember, sharing data is completely your choice. If you decide to stop sharing data, we won’t send any more data to the TPP. However, the data we have shared while you did give your permission may still be stored by the third party – you should contact them to understand what they will use it for.
You can view or cancel your connections at any time in the ‘Open banking connections’ section of Online Banking or the Barclays app.
We're here for you
Do your everyday banking with ease – safe in the knowledge your money and details are always protected.
The Barclays app
As well as managing your Barclays accounts in your app, you can now choose whether to see balances and transactions from current accounts you have with other banks – so it’s easier to keep tabs on your money.
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Protecting your account
How we help to keep your money safe
We always look out for threats from fraudsters. Here are some measures we take to make sure your money is secure.
Protect yourself from scams
Learn about the different types of scam
Scammers get more sophisticated every day, so it’s important to be alert. We’ve put together some examples of the most common scams, to help keep you protected.
Are you a developer?
You can use our Open Banking APIs by visiting the Barclays API Exchange.