Explainer
Open banking, explained without the jargon
What it means when an app asks to connect to your bank, and what to check first.
By MoneyHabit Editorial Team · 29 September 2026 · 5 min read
Open banking lets you give regulated third-party apps permission to read your account data or start payments, without sharing your banking password.
Before you connect
- Check the provider is authorised by your country's financial regulator.
- Read exactly which permissions are requested.
- Know how to revoke access later.