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Open Banking

Easily and securely share your banking information with organisations that you trust.

What is Open Banking?

Open Banking gives you, as a Bank of Melbourne customer, the ability to share your banking data with other parties you trust, including other banks, online.

What is the Consumer Data Right?

The Consumer Data Right is a law which provides eligible individuals or organisations with the right to request access to generic data relating to banking products and services that we offer (product reference data), as well as share data about eligible products and services that relate to you as an individual or organisation (consumer data).

The Consumer Data Right puts control of your data in your hands. In relation to the banking sector, the Consumer Data Right is referred to as “Open Banking”.

What's New for Open Banking?

On 1 November 2022, Bank of Melbourne commenced data sharing for non-individual (Organisation) customers. Organisation customers will be able to nominate one or more individuals to data share on behalf of the Organisation. Bank of Melbourne Organisation customers will need to complete the Open Banking Data Sharing Authority form (PDF 84KB) to provide the nomination before a nominated representative can grant, amend and manage data sharing consents on behalf of the Organisation.

Organisation customers can remove data sharing authority at any time by completing the Open Banking Data Sharing Authority form.

Check the updated List of Accounts (PDF 348KB), to see which account products are currently eligible for Open Banking.

Frequently Asked Questions

On 1 October 2020 Bank of Melbourne commenced data sharing for product reference data via our public Open Banking Product API.  The number of products available for product reference data sharing expanded on 1 February 2021 and again on 1 July 2021, in line with the Government’s phased implementation of the Open Banking regulations. Product reference data can be used by third parties to make comparisons of products and prices across the market.

On 1 July 2021 Bank of Melbourne commenced consumer data sharing, allowing eligible customers to share their data for in-scope products with Accredited Data Recipients (ADRs). Data sharing has been enabled for savings and transaction accounts, credit and debit cards, mortgages and personal loan accounts, some business loans, lines of credit, overdrafts, foreign currency accounts and cash management accounts for individual account holders.  Consumer data sharing gives consumers greater access to and control over their data and may improve consumers’ ability to compare and switch between products and services.

Consumer Data Right (CDR) Policy

Bank of Melbourne is a member of the Westpac Group.  The Westpac Group CDR Policy provides information about how Bank of Melbourne manages data under the Consumer Data Right. 

Consumer Data Right (CDR) Policy (PDF 920KB)

List of Accounts

This document provides a list of all Bank of Melbourne accounts eligible for data sharing through Open Banking.

List of Accounts (PDF 348KB)

Self-reported implementation gaps we’re rectifying

To learn more about our implementation gaps, please see the table below:

Implementation Gap Proposed Resolution Date Status

1. Secondary User Indication Rules

Westpac Banking Group received guidance from the ACCC in a letter dated 26 October on the interpretation of rules concerning an account owner’s ability to restrict authorised Secondary Users from further data sharing for specific accredited persons.
Westpac Banking Group have delivered functionality that allows an account owner to stop continuing data sharing consents authorised by secondary users to ‘an accredited person’. This functionality is in place for all currently delivered scope.

TBC In Progress
2. Westpac is not providing error messages/ redirects to Accredited Data Recipients in some circumstances where consumers do not complete the consent flow. 30 Nov 2024 In Progress


To see the implementation gaps for Westpac Group, please check the ACCC CDR rectification schedule (under the section Major Data Holders, for Westpac).