Taking just a few minutes to setup, the service enables customers to view current accounts from 15 different UK banks.
Customers will be able to use the ‘Accounts with Other Banks’ function to view account information, balances and transactions from their other accounts, in the main app, in the same way they would view any of their own current accounts. This means customers will no longer need to switch between different banking apps when reviewing their finances, making it easy to keep track of where money is being spent and have a single view of their finances.
Customers who consent to manage and share their data will have an up-to-date, easy to access overview of their finances. The UK’s largest banks are already participating, with more being added each month, as and when they support the functionality.
This is the first in a series of new features, made possible by Open Banking. Future digital developments will focus on helping customers better manage their money, improve their financial wellbeing and achieve their long-term ambitions.
Frans Woelders, Chief Digital Officer, NatWest Personal Banking, said: “We’re excited to be offering this service so our customers will be able to review their finances much more easily from the comfort of their own homes or on the go.
“This is an important step in our mission to transform our digital services, focusing on digital innovation and using the latest Open Banking technology, to help make people’s banking lives easier. This feature is the first in a number of innovations we are working on to help customers manage their money more effectively and improve their financial wellbeing.”
Disclaimer
This article is for media use only and is not a financial promotion.
Adding accounts with other banks - Only available in connection with selected UK Banks. This functionality is currently only available in the iOS app. We're working hard to make it available to customers using Android devices as soon as possible. Accounts with Other Banks is available to those who use our app. You need to be registered with your other bank for their online banking. This service allows you to view your current account balances and transactions with your other bank. You can’t make payments or transfers via our app. App available to customers with Digital Banking and a UK or international mobile number in specific countries.
