Easily and securely share your banking information with organisations that you trust.
What is Open Banking?
Open Banking gives you, as a BankSA customer, the ability to share your banking data with other parties you trust, including other banks, online.
What is the Consumer Data Right?
The Consumer Data Right is a law which provides eligible individuals or organisations with the right to request access to generic data relating to banking products and services that we offer (product reference data), as well as share data about eligible products and services that relate to you as an individual or organisation (consumer data).
The Consumer Data Right puts control of your data in your hands. In relation to the banking sector, the Consumer Data Right is referred to as “Open Banking”.
What's New for Open Banking?
On 1 November 2022, BankSA commenced data sharing for non-individual (Organisation) customers. Organisation customers will be able to nominate one or more individuals to data share on behalf of the Organisation. BankSA Organisation customers will need to complete the to provide the nomination before a nominated representative can grant, amend and manage data sharing consents on behalf of the Organisation.
Organisation customers can remove data sharing authority at any time by completing the Open Banking Data Sharing Authority form.
Frequently Asked Questions
On 1 October 2020 BankSA commenced data sharing for product reference data via our public Open Banking Product API. The number of products available for product reference data sharing expanded on 1 February 2021 and again on 1 July 2021, in line with the Government’s phased implementation of the Open Banking regulations. Product reference data can be used by third parties to make comparisons of products and prices across the market.
On 1 July 2021 BankSA commenced consumer data sharing, allowing eligible customers to share their data for in-scope products with Accredited Data Recipients (ADRs). Data sharing has been enabled for savings and transaction accounts, credit and debit cards, mortgages and personal loan accounts, some business loans, lines of credit, overdrafts, foreign currency accounts and cash management accounts for individual account holders. Consumer data sharing gives consumers greater access to and control over their data and may improve consumers’ ability to compare and switch between products and services.
List of Accounts
Self-reported implementation gaps we’re rectifying
To learn more about our implementation gaps, please see the table below:
|Proposed Resolution Date
1. Secondary User Indication Rules
To see the implementation gaps for Westpac Group, please check the ACCC CDR rectification schedule (under the section Major Data Holders, for Westpac).