Open banking

Easily and securely share your banking information with organisations you trust.

What is Open Banking?

Open Banking is part of the Australian Government’s Consumer Data Right (CDR) and is the secure way to give organisations access to your banking information. You have control over how your data is used, and to whom it is given.

Business partners meeting

Who can I share my information with?

Open Banking gives you the ability to share your banking information with organisations that have been accredited by the Australian Competition and Consumer Commission (ACCC).

Can I share my information held with MyLife MyFinance?

The CDR is progressively being rolled out across all Australian deposit-taking institutions (ADIs). Whilst under the CDR rules we were required to enable sharing of your data by 1 July 2021, we will not be able to share your data until 28 February 2022.

Once we have enabled data sharing, your data will only be shared when you consent to it being shared.

Product API

Our Product API covers openly available MyLife MyFinance products, with details on their features, rates and fees. It currently includes transaction accounts, savings accounts, and term deposits, with more products to come in later phases.

https://openbanking-api.mylifemyfinance.com.au/cds-au/v1/banking/products

Questions?

You can find more information about Open Banking on the Australian Government’s CDR website.

And of course, our team is also here to help. If you have any questions, simply call us on 1300 221 479 (8.30am – 4.30pm EST/EDT Monday – Friday).



*All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au.
Interest rates is at 15 November 2021. All interest rates are variable unless noted otherwise. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Target Market Determination, Product Disclosure Statement, General Terms, Fees and Charges Schedule and Interest Rate Schedule. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 1300 221 479. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.