Open Banking - Sharing your financial information
Under Open Banking, organisations other than your bank and you (called Third Party Providers) can access your account once you allow them to.
This is how it all works
Account Information Service Provider
An AISP gathers information from one or more of your payment accounts, even if the accounts are held with different banks, in one place. An AISP can consolidate or aggregate your account information with your consent. API
Application Programming Interface
An API is a set of tools for apps to communicate with each other. In open banking the APIs facilitate the exchange of data instructions safely and securely. ASPSP
Account Servicing Payment Service Provider An ASPSP is a payment service provider (PSP) that provides and maintains a payment account for a customer. This includes banks and building societies. AIB is an example of an ASPSP. CBPII Card Based Payment Instrument Issuer A CBPII is a third party provider that can check to see if there is money in your online payment account. The response we give to the third party provider is a ‘Yes’ or ’No’ answer only. This type of third party provider will never have access to your account balance. PISP Payment Initiation Service Provider A PISP can make payments directly from your bank account instead of using a debit or credit card with your consent. PSP Payment Service Provider A PSP carries out regulated payment services, such as those described in this glossary. SCA Strong Customer Authentication SCA is an extra layer of security for your payment account. It is sometimes called Two Factor Authentication, and it helps fight fraud. TPP Third Party Provider A TPP is an authorised or registered payment service provider (PSP). There are different types of TPPs which we explain in this glossary.
What is a Third Party Provider (known as TPP)?
TPPs are Payment Service Providers (PSPs) who can access your online payment accounts with your permission. There are different types of TPPs which we explain above.
What accounts can I share with a Third Party Provider (TPP)?
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 are current accounts, credit card accounts, some deposit accounts and e-money accounts.
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 you use through online banking, each account holder can give a TPP access to that account information. With the permission of just one account holder, we may give a TPP access to joint/multi-party account information to fulfil our legal and contractual obligations, and it is up to the account holder who has allowed the TPP, to tell all other account holders that the third party has access.
If you have any questions 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)?
TPPs are independent of you and your bank. You should check here whether a TPP is authorised or registered. It is important to check this to ensure your financial information is safe and secure. You can also check the Central Bank of Ireland’s website.
If you allow a TPP to access your account information, to see if there is money in your account or make a payment on your behalf, you will be re-directed to a secure part of our website so that we can confirm your identity using Strong Customer Authentication (SCA). You can check the website address on our Security Centre. To complete this authentication step follow the instructions which appear on screen.
How long will a Third Party Provider (TPP) have access to my accounts?
You control the access to your accounts. Unless you grant ongoing access to a TPP, you will have to be involved every time the TPP accesses your account.
If you want, you can give an AISP permission to access your payment accounts for a set amount of time or indefinitely. Indefinite means the consent will never expire. During this time they may access your accounts up to four times a day without your involvement. They can check your account activity without you having to log-on as well. To renew this access you need to go through Strong Customer Authentication (SCA) with us every 90 days if you have allowed the TPP to access your accounts indefinitely.
Like AISPs you can also give a CBPII access to carry out a funds check on your account for a set amount of time or indefinitely. During this time the CBPII can access your account until the date you set or you remove their access. You need to go through Strong Customer Authentication (SCA) with us to change this access, but you don’t need to do it every 90 days for a CBPII.
You can take access away from AISPs and CBPIIs through the ‘Shared Account Management’ screen on your online banking profile.
If you are using a PISP, you have to be involved in every transaction when the PISP contacts us on your behalf. A PISP cannot have ongoing access to your account.
What does ‘availability of funds’ mean?
By granting access for a CBPII to carry out an availability of funds check on your account/accounts this will allow the CBPII access to check with us whether the account you have selected has sufficient funds to meet a specified amount. The CBPII will never see your account balance as we will only provide them with a Yes or No answer.
Talk to Us
If you have any questions, call us on 0818 724 724 (lines are from 8am to 12am, 365 days a year).
Call charges may vary, please refer to your phone service provider.
Performance and availability statistics
The performance and availability statistics of our dedicated interface can be found here.
- Allied Irish Banks Plc (Sept-Dec 2019)
- Allied Irish Banks Plc (Jan-Mar 2020)
- Allied Irish Banks Plc (April-June 2020)
- Allied Irish Banks Plc (July-September 2020)
- Allied Irish Banks Plc (October-December 2020)
- Allied Irish Banks Plc (Jan-March 2021)
- Allied Irish Banks Plc (April-June 2021)
- Allied Irish Banks Plc (July-September 2021)
- Allied Irish Banks Plc (October-December 2021)
- Allied Irish Banks Plc (Jan-Mar 2022)
- Allied Irish Banks Plc (April-June 2022)
- Allied Irish Banks Plc (July-September 2022)
The following abbreviations have been used:
AISP – Account information service provider
PISP – Payment initiation service provider
CBPII – Card-based payment instrument issuer
N/A relates to the fact that no API calls were made on a specific date.