What's Open Banking?

The Australian government is proposing legislation that’ll give you greater access to and control over the information we keep for you.

When Open Banking is introduced you’ll be able to give permission for your information to be sent to other banks, financial institutions or companies accredited by the Australian Competition and Consumer Commission (ACCC).

Open Banking is expected to kick off in 2020.  We’ll keep updating this page as more details on dates is made available by the government.

Opening up new opportunities

Open Banking could change the way you compare products and services between organisations and make it easier to find the best products and services for you.

Privacy & accreditation

Protecting your privacy

Protecting your information is a priority at CommBank. We have strict privacy and security requirements for accessing, sharing and storing information to ensure your details remain safe in NetBank and the CommBank app.

Under the proposed legislation, your information will be protected by new privacy safeguards, including a requirement that you must give permission for your information to be accessed and shared. You’ll also be able to manage the information you share and cancel sharing at any time. 

Accredited companies

The ACCC is responsible for providing accreditation to participating companies. To become accredited they’ll need to adhere to certain security standards and requirements for collecting and using your information. 

Are you a developer?

Engineer new banking experiences for your customers with our APIs. We’re releasing API products for Customer, Accounts, Transactions and Payees soon.

Explore our APIs