Open Banking.

You can stop sharing your data at any time following these simple steps.

1. Log into the Mobile App
2. Click Accounts then click Manage Data Sharing in the drop down menu. You will will then be taken to a list of your Open Banking sharing arrangements.
3. Select the organisation that you would like to Stop sharing data with
4. Scroll to the bottom of the page and click Stop sharing.

If you get stuck and need help, please call us on 13 25 85 and we can assist you.

You can check your sharing arrangements in Mobile Banking by doing the following:

1. Log into the Mobile App
2. Click Accounts then click Manage Data Sharing in the drop down menu 
3. From the Manage Data Sharing screen you can view and manage sharing arrangements.

When applying for a loan with Beyond Bank we may use Open Banking generated statements with your consent. Open Banking generated statements are real-time and easily accessible for both personal and business accounts which are used to verify income, savings and liabilities. The documents are secure, authentic, and automatically attached to your loan application.

There are currently 113 banks that provide their statements through Open Banking.

A secondary user (who is not the account owner but can transact on the account) needs to be given permission & set up by the account owner.  

This can be done by the account owner visiting the 'Secondary User Permission' page via Internet Banking and changing the status of their sharing permissions to either 'sharing enabled' or 'sharing disabled'.  

Alternatively, this access can also be done via Mobile Banking through Manage Data Sharing.

If you are a Community or Business member you will need to contact us on 13 25 85 to have one party added as a Nominated Representative before you can commence sharing data.

Yes - You can share data from your joint accounts provided both account holders have data sharing enabled via Internet Banking or Mobile Banking.

If however you or one of the joint account owner(s) have previously disabled data sharing on the account, it may not show it's available for data sharing.

You can check your sharing arrangements in Internet Banking by doing the following:

1. Log into Internet Banking (online.beyondbank.com.au)
2. Click Services then click Sharing in the top menu.

It’s a safe and secure way to get all the data you need to make an informed decision about the right banking products for you. You’ll never need to give your internet banking login details to third parties should you wish to share customer, account or transactional data with them.

Open Banking aims to increase competition in the financial services sector, making it easy for you to compare and switch between products and services offered by accredited third parties.

As a Beyond Bank member, you can share your data dating back to 1 January 2017.

You can stop sharing your data at any time following these simple steps.

1. Login to Internet Banking using your Beyond Bank member number and password.
2. From the main menu, click on Services, then Sharing. You will then be taken to a list of your Open Banking sharing arrangements
3. Select the organisation that you would like to stop sharing data with
4. Scroll to the bottom of the page and click Stop sharing
5. Confirm the details are correct and click Stop sharing again.

If you get stuck and need help, please call us on 13 25 85 and we can assist you.

Safety and security of your data and your money is our primary concern. Open Banking gives you complete control of how you want to choose to share your information.

Data will only be shared with accredited third parties once you have authorised it. After you’ve authorised a third party to access your data, you can revoke that access at any time and ask for your data to be deleted.

Any party sending or receiving data under Open Banking must meet particular obligations by the Australian Competition and Consumer Commission (ACCC) and the Australian Information Commissioner (OAIC), both of which have strict accreditation criteria when it comes to privacy and accessing and storing data.

Don’t need to be accredited to send data (data holder) but do have to meet CDR obligations.

The Australian Government passed the Consumer Data Right (CDR) in 2018, giving customers greater access to, and control of, the data associated with the products and services they use.

Open Banking is the first phase of the CDR, which will allow for consumers and businesses to consent to transfer data held about the products and services they use to third parties – allowing greater competition in the banking sector.

Energy and telecommunications sectors will apply the CDR after Open Banking.

Check out the Australian Competition and Consumer Commission’s website for more about Open Banking the Consumer Data Right.

A Beyond Bank member can share their data with a registered Accredited Data Recipient. Click the link below for a list of registered Accredited Data Recipients:

https://www.cdr.gov.au/find-a-provider