Open Banking

Open Banking is a change to UK regulation which gives you more control over your data and helps you bank the way you want to. Credit card companies, banks and other companies can offer Open Banking services.

What is Open Banking?

With Open Banking you can share data about your accounts and make payments in new ways. That means you’ll have more control over which websites and apps you can use to do your banking and use new kinds of services to manage your money.

Open Banking is an industry-wide change to increase competition. That means these new services won’t just be offered by credit card companies or banks. Other kinds of companies will offer them too, even those who haven’t been involved in banking before.

We want to do what’s best for our customers. Making sure you can use new services is part of this. That’s why we’ve been working with regulators, consumer groups and many others to make this happen.

What can you do with Open Banking?

If you do your banking online, you’ll be able to see new ways to use your accounts. Open Banking is still new. But sharing data and making payments through other websites and apps could make it possible to:

  • see all your accounts with different banks in one place
  • compare accounts to find the right options for you
  • pay directly from your bank when you buy something online, without needing your debit card.


Open Banking is a UK initiative. The Channel Islands, Isle of Man and Gibraltar are regulated separately, so the service isn’t available to these customers.

You’re in control

It’s up to you whether you use any of the new services made possible by Open Banking. You can still keep using your MBNA credit card in the way you do now. There’s no need to opt out of anything, and none of your data will be shared unless you choose to share it.

Whenever you do share data with someone, it will only be the data you’ve agreed to share, and you can cancel at any time.