FAQs - Open banking

FAQs - Open Banking

When did Open Banking launch?

Why is Open Banking good for customers?

Is Open Banking secure?

Can I opt out of Open Banking?

Why would I ask for my data to be shared?

How do I grant consent for RAMS to share my data?

Will my consumer data only be shared with my consent?

Can I cancel my consent?

Can I view or manage my consent?

How long does my consent remain active?

Can I share data from my joint accounts?

I’m a customer with another bank. How do I put a request in to have RAMS receive my available Open Banking data?

Is there a process a potential new customer could take to have their data brought over to RAMS?

How do I create or remove a Nominated Representative to share data for my company or trust?

Can my company or trust have more than one Nominated Representative?

Why am I unable to add a Nominated Representative?

What can a Nominated Representative do?