Open banking payments, straight from the customer's bank.
Open banking lets a customer pay you directly from their bank account, with their consent, and lets you read account data with permission. GetIbans offers payment initiation and account information through bank APIs, so you receive money without a card network in the middle.
How it works
How an open banking payment works
Use cases
What you use Open banking for
Pay by bank
The customer approves the payment in their banking app. No card details to enter or leak.
Instant, final settlement
Where the bank and scheme support instant payments, money arrives in seconds.
Verification and onboarding
With consent, confirm account ownership and balance instead of asking for documents.
Lower fees
Account-to-account payments skip card interchange.
Specification
What is included
| Item | Detail |
|---|---|
| Payment initiation (PIS) | Single payments and variable recurring payments, where banks support them |
| Account information (AIS) | Balances and transactions, with customer consent |
| Authentication | Strong customer authentication at the bank |
| Coverage | Banks across the EEA and the UK, depending on market |
FAQ
Questions
What is open banking?
A regulated way for customers to let approved third parties initiate payments from, or read data in, their bank account through secure APIs.
Is open banking safe?
The customer authenticates at their own bank and approves each payment. We never see their banking credentials.
How is it different from a card payment?
The money moves bank to bank. There is no card network, so no interchange, and no card numbers to store.
Ready to start with Open banking?
Send a short description of your business and flows. We reply with what is possible and what onboarding involves.