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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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Open Banking - what?
One of my bank accounts is pestering me to join 'Open Banking'. Anyone
know anything about it please? |
#2
Posted to uk.d-i-y
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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 |
#3
Posted to uk.d-i-y
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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 |
#4
Posted to uk.d-i-y
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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 |
#5
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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 |
#6
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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 |
#7
Posted to uk.d-i-y
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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 |
#9
Posted to uk.d-i-y
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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 |
#10
Posted to uk.d-i-y
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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 |
#11
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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 |
#12
Posted to uk.d-i-y
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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. |
#13
Posted to uk.d-i-y
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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. |
#14
Posted to uk.d-i-y
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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. |
#15
Posted to uk.d-i-y
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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. |
#16
Posted to uk.d-i-y
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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 ----Android NewsGroup Reader---- http://usenet.sinaapp.com/ |
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