Open Banking

Helpful information on the Open Banking initiative introduced as part of the CDR (Consumer Data Right) Legislation.

What is Open Banking?

Open Banking is an initiative introduced by the Australian Government as part of the CDR (Consumer Data Right) Legislation. The CDR empowers customers to securely share their selected banking data between Data Holders (e.g. banks) and accredited third parties, including personal finance management apps and other financial institutions. By empowering banking customers, the government expects to also nurture healthy competition in the market and offer greater choice, access and control to banking customers.

You can find our CDR Policy here.

What data can be shared?

Product Reference Data includes:

  • Product Type and Name
  • Price, including fees, charges and interest rates
  • Features and benefits
  • Terms and conditions
  • Customer eligibility criteria

Product Reference data is generalised data and does not include personal information about any customer.

Account Data includes:

  • Account number and name
  • Account opening and closing balances
  • Authorisations on the account, including direct debits, scheduled payments and payee details

Account Data is specific to you and your individual banking. Sharing this type of information with a third party is by opt-in only. For more information, see Open Banking Privacy & Security.

Transaction Data includes:

  • Transaction Date
  • Transaction Amount
  • Transaction Identifiers, including Merchant ID
  • Transaction Description
  • Transaction Categorisation (e.g. Debit, Credit, Fee, Interest)

Sharing this type of information with a third party is by opt-in only. For more information, see Open Banking Privacy & Security.

Customer Data includes:

  • Name
  • Contact details
  • Details of any business they operate (e.g. Business Name, ABN, ACN, Type of Business, Date Established or Organisation Type)

Sharing this type of information with a third party is by opt-in only. For more information, see Open Banking Privacy & Security.

Sharing your data

To securely share your data with accredited data recipients, simply follow the below easy steps:

  1. Consent: You need to give your permission to the accredited data recipient before they can access your personal data. This will be on the accredited data recipient's website or app.
  2. Confirmation of Identity: Once you've given your permission on the accredited data recipient's website/app, you will be redirected to an Auswide Bank page where your identity is authenticated using your Auswide Bank Internet Banking login details and an SMS Secure One Time Password, sent to your registered mobile device.
  3. Data Link: Once your identity has been authenticated, you will be able to confirm and authorise the data and accounts that you'd like to share with the accredited data recipient.
  4. Data is Shared: Your authorised data is transferred to the accredited data recipient in a machine readable format.
  5. Start using Service: Once your data has been shared, you can start using your Auswide Bank data in the accredited data recipient's services.
  6. Manage your consents: You can view and manage the data you've consented to share and can withdraw consent at any time within the "Data Sharing" section of your Internet Banking. From the main menu of options at the top of Internet Banking, select "Accounts" and then select "Data Sharing".

Open Banking is designed to give you greater choice, control and access when it comes to your banking.

By bringing your Auswide Bank data together with data from other accredited organisations, you may enjoy several benefits.

  • Easily compare products across banks
  • Manage your money better by integrating your banking data with budgeting apps and tools
  • Get a view of all your finances across banks - all in one place

Protecting your Privacy is important to us.

We understand that sharing your banking data with other third parties may seem a little risky! We want to reassure you that Open Banking has privacy protections in place to help you share your data safely and securely. Protections include:

  • Participation in Open Banking is your choice and sharing your banking data with a third party is by opt-in only.
  • Before a third party organisation can request access to your data through Open Banking, they must be accredited by the ACCC (Australian Competition and Consumer Commission) and must also have your permission.
  • You manage which data you want to share using an online Dashboard we provide to you and you can cancel permissions at any time
  • You can nominate a time limit up to 12 months on how long a third party can access your data.
  • Third Party access to your data will automatically expire after 12 months and you will need to re-authorise the third party to access your data.
  • You can ask a third party organisation to delete any data you have shared with them.

Are you a developer?

Why not help develop a new banking experience for your customers using APIs (Application Programming Interfaces).

Open Banking allows developers to build apps and other services which access data held by financial institutions, like Auswide Bank, through use of APIs.

Auswide Bank Base URL

Auswide Bank’s base URL for API calls is https://api.auswidebank.com.au/OpenBanking/cds-au/v1/

Card Services (Citi Mastercards) Base URL

The Base URL for Product Reference Data API calls of Auswide Bank Platinum Rewards Mastercard and other ‘grandfathered’ Auswide Bank ‘white label’ credit cards issued by arrangement with Citibank Card Services is https://aspac.api.citi.com/gcb/cds-au/v1/.

Product APIs

To access non-customer information, like product details.

Consumer APIs

To access consumer APIs, you’ll need to obtain the customer’s consent and be accredited by the ACCC.

Details on other available APIs can be found on here.

As we support more API calls, we will publish the details here.

For details of the mandatory parameters and expected responses for these calls, please refer to the Consumer Data Standards specification.

Please note: In order to access Consumer Data Right data relating to individual customers you will need to be an ACCC Accredited Data Recipient and obtain permission from the customer to obtain their data.