Open Banking -Sharing your financial information FAQs

Under Open Banking, organisations other than your bank (called Third Party Providers) can have access to your account with your permission. This document explains how it all works

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  • Glossary

     

    Acronym
    Service
    Description
    AISP
    Account Information Service Provider
    An AISP allows you to gather information from one or more of your payment accounts, which may be held with different banks, in one place. An AISP may provide you with consolidated or aggregated account information.
    API
    Application Programming Interface
    An API is a set of tools that allow apps to communicate with each other. In Open Banking the APIs will allow TPPs & ASPSPs (see below) to communicate with each other and exchange data and instructions in a safe and secure manner.
    ASPSP
    Account Servicing Payment Service Provider An ASPSP is a PSP (see below) that provides and maintains a payment account for a customer. This includes banks and building societies. AIB is an example of an ASPSP.
    PISP Payment Initiation Service Provider A PISP allows you to make payments directly from your bank account instead of using a debit or credit card
    PSP Payment Service Provider A PSP is an entity which carries out payment services. Examples of payment services may be AISPs and PISPs.
    TPP Third Party Provider A TPP is an authorised/registered payment service provider. There are different types of TPPs outlined above, namely AISPS, CBPIIs and PISPs.
    SCA Strong Customer Authentication SCA is an extra security layer. You may have used or seen this on other websites called Two Factor Authentication, and it helps fight fraud by strengthening your existing login details. SCA will be required from September 14 2019.

     


    LTV Rate APRC 20 Years* 25 Years* 30 Years* 35 Years*
    <=50% 3.10% 3.2% 5.60 1.1 1.2 1.3
    >50% <=80% 3.30% 3.4% 5.70 2.1 2.2 2.3
    >80% 3.50% 3.6% 5.80
    3.1 3.2 3.3

    LTV Rate APRC 20 Years* 25 Years* 30 Years* 35 Years*
    <=50% 3.10% 3.2% 5.60 1.1 1.2 1.3
    >50% <=80% 3.30% 3.4% 5.70 2.1 2.2 2.3
    >80% 3.50% 3.6% 5.80
    3.1 3.2 3.3

    LTV Rate APRC 20 Years* 25 Years* 30 Years* 35 Years*
    <=50% 3.10% 3.2% 5.60 1.1 1.2 1.3
    >50% <=80% 3.30% 3.4% 5.70 2.1 2.2 2.3
    >80% 3.50% 3.6% 5.80
    3.1 3.2 3.3

    LTV Rate APRC 20 Years* 25 Years* 30 Years* 35 Years*
    <=50% 3.10% 3.2% 5.60 1.1 1.2 1.3
    >50% <=80% 3.30% 3.4% 5.70 2.1 2.2 2.3
    >80% 3.50% 3.6% 5.80
    3.1 3.2 3.3
    LTV Rate APRC 20 Years* 25 Years* 30 Years* 35 Years*
    <=50% 3.10% 3.2% 5.60 1.1 1.2 1.3
    >50% <=80% 3.30% 3.4% 5.70 2.1 2.2 2.3
    >80% 3.50% 3.6% 5.80 3.1 3.2 3.3

     

    LTV Rate
  • What is a Third Party Provider (TPP)?

    Third Party Providers (known as TPPs) are Payment Service Providers (PSPs) that may use APIs to access your accounts with your permission.

     

    To make use of these TPP services, you will need to give your permission to the TPP. A TPP cannot access your account without your permission.

     

    AISPs and PISPs are types of TPP.

  • What accounts can I share with a Third Party Provider?

    You can share any payment account that can be accessed through online banking services with a TPP. A payment account is an account that can be used to make payments to third parties. Examples of payment accounts are current accounts, credit card accounts, some deposit accounts and e-money accounts. Only those payment accounts which appear on your internet banking profile are eligible for access by TPPs.

  • Can I share my joint/ multi party account information with a Third Party Provider (TPP)?

    If you have a joint or multi-party account that is accessible online, each account holder can consent to a TPP accessing that account information. With the permission of just one account holder, AIB may allow a TPP access to joint/multi-party account information to fulfil its legal and contractual obligations, and it is up to the account holder who has given permission to the TPP to confirm that all other account holders are aware of and satisfied with such third party access.

     

    If you have any concerns about the security of your account please phone our Customer Service team immediately on (0818) 724 724 or +353 1 771 2424.

  • How do I use Third Party Providers?

    TPPs provide their services separately and independently and you should check here whether a TPP is authorised/registered. It is important to check this to ensure your financial information will be safe and secure. For further information, you should check on the Central Bank of Ireland’s website.

     

    If you give permission to a TPP to access your account information, or initiate a payment on your behalf, you will be re-directed to a secure AIB website so that we can confirm your identity using SCA. You can check the website address on our Security Centre. To complete this authentication step you will simply need to follow the instructions which appear on screen where you will be asked to input your security credentials.

  • How long will a Third Party Provider have access to my accounts?

    Access to your account(s) is controlled by you. Unless you grant ongoing access to a TPP, which can for a maximum of 90 days you will have to be involved every time the TPP accesses your account. This will involve completing SCA from September 2019 (see above).

     

    If you want, you can give an AISP permission to access your payment account(s) for up to 90 days, during which time they may access your account(s) up to four times a day without your involvement. This will allow them to monitor your account activity when providing their services to you without you having to log-on as well. Any renewal or extension of this ongoing access permission for the AISP will require you to complete SCA with us from September 2019.

     

    If you are using a PISP, you are required to be involved in every transaction when the PISP contacts us on your behalf. A PISP cannot have ongoing access to your account.

  • How do I manage permissions I have given to a Third Party Provider?

    Log into AIB Internet Banking, select Services & Settings and click on “Shared Account Management”.

     

    Click on your permission with your TPP to view or remove permission.

     

    You can also remove permissions by contacting our Customer Service team on 0818 724 724 or +353 1771 2424 if outside Ireland. A customer can remove access as long as the consent is active (the expiration date has not passed).

     

    Call charges may vary refer to your service provider.

  • Talk to Us

    Simply call 0818 724 724 (lines are from 8am to 12am, 365 days a year). We’ll be happy to answer any questions you have about AIB’s APIs.

     

    Call charges may vary refer to your service provider.

     

    Security Centre
    Find details of specific current security threats to our Internet and Mobile Banking customers and alerts that you should be aware of.

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