About Open Banking

Open Banking allows you to safely and securely share bank account information directly from your own banking provider.

You can also find out more about open banking in the Open Banking FAQs and from independent organisations such as the Government MoneyHelper service, Which? and Money Saving Expert.

Open Banking uses the same technology that your Online or Mobile Banking App does, so it's just as safe.

When completing an Open Banking transaction nobody (such as Safe Capital or your law firm) gets access to your bank login details or passwords.

You enter your login details directly into your bank's system (online website application or mobile banking app) and the bank simply confirms who you are before you then go ahead to authorise the Open Banking transaction.

You are in complete control of what information you share and what payments you authorise at all times.

To use Open Banking you need two things:

• Online access to your bank account through either a mobile banking app or your bank’s website
• Your bank must support open banking

Check out our list of banks that support Open Banking to see if it should be available to you.

If your client does not have Open Banking, we have alternative mechanisms in place to obtain bank details, so they can still use our service.

If your firm does not have Open Banking you can still use Safe Capital to request bank account details from your clients.