On 9 May 2018 the Government announced its intention to introduce a new Consumer Data Right (CDR) law in Australia. Put simply, the Consumer Data Right puts control of your data in your hands.
In Australia, ‘Open Banking’ is the banking sector's implementation of the CDR.
From July 2021, Bank of Melbourne customers will have the ability to share selected banking data with trusted third parties, including other banks, online.
The Bank of Melbourne Open Banking Product API (Application Programming Interface) enables third parties to retrieve information about products that Bank of Melbourne currently offers. It is designed and documented to support the Australian Consumer Data Standards.
Our Product API includes products for both retail and business customers such as:
Data for additional products will be progressively added to the API in line with the timeframes specified by the Consumer Data Right rules.
Product details including conditions, rates and fees may change from time to time without notice. Please direct your end users to refer to bankofmelbourne.com.au for current product details.
Product reference data for Bank of Melbourne as well as other Westpac Group brands is available at the following URL:
Products - Products that are currently openly offered to the market
Features - Array of features available for the product
Constraints - Constraints on the application for or operation of the product such as minimum balances or limit thresholds
Eligibility - Eligibility criteria for the product
Fees - Fees applicable for the product
Deposit Rates - Interest rates available for deposits
Lending Rates - Interest rates charged against lending balances
|How it works||
Product API is a RESTful API that provides the data via HTTP GET requests.
The data returned is in the format specified by the Australian Consumer Data Standards.
The API is available to everyone with no restrictions on use.
|Requirements to use||
As per the standards defined by Australian Consumer Data Standards, no security or other headers are required to call this API.