Why has it happened?
The aim of Open Banking is to increase competition in the banking industry. It’s an industry-wide change that we’ve been working on with the Competition and Markets Authority and other regulators, banks and registered companies.
Open Banking
New data sharing and payment options
Now you can choose to share your financial data with providers regulated by the Financial Conduct Authority (FCA) and European equivalents, and pay in new ways directly from your account.
Open Banking explained
What it means for you
You can choose to share your data with registered companies (known as third-party providers or TPPs), and pay in new ways. It 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. You even decide for how long you’d like them to access your data.
What we’ve been doing
Throughout 2018, we launched new services using Open Banking, designed to make your life easier and to help you make the most of your finances. These services will continue to evolve in 2020. You can find out more on our app page.
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Open Banking can also be used to make a range of payments directly from your accounts. It’s a new way to pay through third-party apps or websites.
How it works
- The third party will confirm the payment amount and ask if you want to pay directly from your bank account. You’ll need to confirm that you bank with us before you continue.
- You’ll be passed on to Barclays Online Banking or Barclays Mobile Banking.
- We’ll 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’ll always have to give your permission first
- You can check your payments and how your data is shared
You’ll always need to give us your explicit permission in Online Banking or your Barclays Mobile Banking app before any data or payment information is shared. If you decide to share your Barclays account data with another provider, we’ll always tell you exactly what data you’re sharing.
When you provide your permission, we’ll send you an email to explain your sharing options. We’ll also send you a text message when you set up a new consent or cancel an existing one. If you receive a text message and don’t have access to Online Banking or Barclays Mobile Banking, please contact us in your usual way.
To check who you’ve already agreed to share data with, or to alter your existing permissions, go to the ‘Manage third parties’ section of your mobile banking app, or the ‘Manage permissions’ section of Online Banking.
You can review your permissions at any time in Barclays Mobile Banking and Online Banking. We'll also ask you to check these permissions every 90 days.
If you’d like to check the details of past payments made using Open Banking, visit the ‘Payment permissions 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 manage and amend your permissions at any time in the ‘Permission control centre’ in Online Banking or Barclays Mobile Banking. You can also switch ‘Allow my data to be shared’ to off in the ‘Manage third parties’ section if you don’t want to share your Barclays data. You can reverse this whenever you change your mind – either directly through a TPP or via Online Banking or Barclays Mobile Banking.
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.
Barclays Blue Rewards
Our way of saying thanks
Barclays Blue Rewards is our way of saying thanks for banking with us by giving you cash rewards every month. You’ll receive more rewards for having or opening other accounts or services with us, and you can open our Blue Rewards Saver account.
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 your money
Learn to better protect yourself
It only takes a convincing phone call, clever letter or persuasive sales patter to let fraudsters get hold of your cash. Our guide will help alert you to their tricks.
Are you a developer?
You can use our Open Banking APIs by visiting the Barclays API Exchange.