Open Banking - what?
 

One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?

Open Banking - what?
 

On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think it’s about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

Tim

I would avoid giving anything to Natwest.

They lost all my personal data.

They assured me my data was secure, although how anyone that loses the
stuff can state that beats me.

I settled for £100-00 and closed my account with one of their cabal
due to the fiasco.

Useless bloody shower, didn't even have a branch phone contact number.



There's a fine line between fishing
and just standing on the shore like an idiot.

~Steven Wright

Open Banking - what?
 

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think its about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

Tim

--
Please don't feed the trolls

Open Banking - what?
 

In article ,
Harry Bloomfield wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?

Sounds as though it lets your account be open to anyone. That doesn't seem
right.

--
from KT24 in Surrey, England
"I'd rather die of exhaustion than die of boredom" Thomas Carlyle

Open Banking - what?
 

In article ,
Archibald Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think it’s about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

Tim

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on our
account. so far 3 months have passed. We call them NatWorst

--
from KT24 in Surrey, England
"I'd rather die of exhaustion than die of boredom" Thomas Carlyle

Open Banking - what?
 

Harry Bloomfield wrote:

One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?

So far I don't make use of it, but it lets you give access to your
account(s) to other systems, e.g. I think my barclays app on the phone
could show the balance of the santander account.

At the moment, I export transaction data as QIF files and suck it into
my accounting system, the accounting system can use openbanking APIs to
do the same thing ... except not with santander for some reason.

Open Banking - what?
 

charles posted
In article ,
Archibald Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think its about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

You can thank the EU for the idea.

Personally I know no-one who has asked for it.

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on our
account. so far 3 months have passed. We call them NatWorst

Believe me, Lloyds is just as bad at doing the same thing.

--
Evremonde

Open Banking - what?
 

On Saturday, 17 August 2019 16:44:53 UTC+1, The Marquis Saint Evremonde wrote:
charles posted
In article ,
Archibald Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think its about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

You can thank the EU for the idea.

Personally I know no-one who has asked for it.

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on our
account. so far 3 months have passed. We call them NatWorst

Believe me, Lloyds is just as bad at doing the same thing.

and saint pander

Open Banking - what?
 

In article , The Marquis Saint Evremonde
wrote:
charles posted
In article , Archibald
Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'.
Anyone know anything about it please?


I think it‘s about sharing customer data with other banks so that
they can offer/pester you with better deals. Supposed to make banks
more competitive. Personally I have no intention of allowing my bank
to share my data like this.

You can thank the EU for the idea.

Personally I know no-one who has asked for it.

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on
our account. so far 3 months have passed. We call them NatWorst

Believe me, Lloyds is just as bad at doing the same thing.

and from a previous experience with a different charity and Barclays, I
know they're useless as well. That took 7 months!

--

--
from KT24 in Surrey, England
"I'd rather die of exhaustion than die of boredom" Thomas Carlyle

Open Banking - what?
 

On 17/08/2019 15:29, charles wrote:
In article ,
Archibald Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


I think its about sharing customer data with other banks so that they can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to share
my data like this.

I think it is supposed to make it possible for third aprty apps to show
you a financial overview. I don't trust them not to leak information - I
was in the big Experian data breach so I am wary of sharing anything.

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on our
account. so far 3 months have passed. We call them NatWorst

Try HSBC or Santander - they are quite good of the high street banks.
HSBC are officious about money laundering (but then they all are now).
Failure to comply with their enquiries in a timely manner can result in
your charities bank account being frozen. Happened to a VH I know.

I always kept copies of all mandates submitted to NatWest and Barclays
together with the date they were handed to the bank since more often
than not they would swear blind never to have received them.

--
Regards,
Martin Brown

Open Banking - what?
 

Yes we want the Spanish lot to do this as well, but they want the old
signatory to come in person, but they moved to the other end of the country
so no.

They really are a bunch of idiots sometimes.
Brian

--
----- --
This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please
Note this Signature is meaningless.!
"The Marquis Saint Evremonde" wrote in message
...
charles posted
In article ,
Archibald Tarquin Blenkinsopp Esq wrote:
On 17 Aug 2019 13:14:01 GMT, Tim+ wrote:

Harry Bloomfield, Esq. wrote:
One of my bank accounts is pestering me to join 'Open Banking'.
Anyone
know anything about it please?


I think it's about sharing customer data with other banks so that they
can
offer/pester you with better deals. Supposed to make banks more
competitive. Personally I have no intention of allowing my bank to
share
my data like this.

You can thank the EU for the idea.

Personally I know no-one who has asked for it.

I would avoid giving anything to Natwest.

A charity of chich I am chairman is trying to change the signatoies on our
account. so far 3 months have passed. We call them NatWorst

Believe me, Lloyds is just as bad at doing the same thing.

--
Evremonde

Open Banking - what?
 

In article ,
Brian Gaff wrote:
Yes we want the Spanish lot to do this as well, but they want the old
signatory to come in person, but they moved to the other end of the
country so no.

They really are a bunch of idiots sometimes.
Brian

It was dear Barclays who wanted the signatories who had opened the account
in 1932 to come forward. Both had dies many years ago and they'd been
paying cheques with the currrent signatories for about 10 years.

--
from KT24 in Surrey, England
"I'd rather die of exhaustion than die of boredom" Thomas Carlyle

Open Banking - what?
 

"charles" wrote in message
...
In article ,
Harry Bloomfield wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?

Sounds as though it lets your account be open to anyone. That doesn't
seem
right.

no, just other banks

still not a good idea though

tim

Open Banking - what?
 

On 17/08/2019 13:59, Harry Bloomfield wrote:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?

DON'T.

Open Banking - what?
 

tim... wrote:

charles wrote:

Sounds as though it lets your account be open to anyone.

no, just other banks

not only banks.

Open Banking - what?
 

Andy Burns wrote on 17/08/2019 :
So far I don't make use of it, but it lets you give access to your account(s)
to other systems, e.g. I think my barclays app on the phone could show the
balance of the santander account.

I was offered that by one bank, separately - it wanted me to give it
access to my other accounts. I imagined that was something other than
the 'Open Banking'. I declined it.

Open Banking - what?
 

Harry Bloomfield, Esq. Wrote in
message:
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please?


Google?
--
Jim K


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