Open Banking

No. You’ll only use Open Banking if you give permission to a regulated app or website. It’s always your choice – you need to give your explicit consent.

To sign up for Open Banking you will need to give initial consent using a third party site. You can then select which Third Party you wish to give consent to. You will need to provide separate consents for every third party you use. You will be directed to Jordan International bans Internet Banking portal to confirm what accounts information you wish to give access to.

When you authorise a third party to access your account data, you can choose what data they see for 90 days.

You can stop a 90-day share at any time.

A Third Party Provider could be any company that wants to offer you a service, and therefore needs your transaction history to do so. Third Party Providers are approved by the Financial Conduct Authority (FCA) before they can take part in Open Banking.
All approved Third Parties will appear on the Open Banking Regulated Providers Register. 

You choose which regulated apps and websites you want to use – so you’re always in charge. You decide what information they can access, and for how long. No one gets access unless you say so.

If you have given consent to third parties then you will be required to withdraw these consents, otherwise we will continue to provide information to these third parties in line with your consent until such times as it expires after 90 days. You can withdraw this consent within your Internet banking portal by selecting the third party you wish to remove consent from and confirming.

No. To use Open Banking you need online or mobile banking for your personal or business current account.

To use Open Banking, providers have to comply with the strict rules of the Financial Conduct Authority (FCA) or a European equivalent.

You can find out more and check if an app or website is regulated on the FCA register or European equivalent. 

Open Banking has been designed with security at its heart – here's how:

• Bank-level security – Open Banking uses rigorously tested software and security systems. You’ll never be asked to give access to your bank login details or password to anyone other than your own bank or building society.
• It's regulated – only apps and websites regulated by the Financial Conduct Authority (or European equivalents) can use Open Banking.
• You're in charge – you choose when, and for how long, you give access to your data.
• Extra protection – your bank or building society will pay your money back if fraudulent payments are made, as long as you haven’t been grossly negligent. You're also protected by data protection laws and the Financial Ombudsman Service