Open Banking

Since Open Banking has started functioning, clients of various banks have the opportunity to see balances and transaction histories for all accounts opened with various banks in Ukraine in the TPP application, provided that the account holder grants consent to each bank through TPP.

No, the bank transfers data via Open Banking only with the client's valid consent and only to the extent that the client has allowed (for example, information on balance and/or transaction history).

No, by default and without your consent to such a service, information is not transferred through the Open Banking mechanism. Data is transferred to government authorities only to the extent required by the law (e.g. AML / sanctions / court requests).

No, only the account holders themselves must confirm it in the application of the bank where the account is opened. The consent will not be valid without the holder’s confirmation.

The user determines the validity period of the consent, taking into account legal restrictions: the minimum period is 1 day, the maximum is 180 days.

Yes, you can withdraw your consent both through the bank's application and through TPP.

Here is a basic list of recommendations, which is not exhaustive:

• Use official applications and communication channels offered by the bank.
• Provide the minimum necessary rights and consent period.
• Confirm your consent/payments only in your bank's application.
• Never disclose your OTP / passwords /Qualified electronic signature / Advanced electronic signature and other.
• Do not give anyone the device on which the application is installed or leave it unattended.
• Enable notifications and set limits.
• Regularly review your consent and withdraw those that are no longer needed.
• Do not confirm your payment or consent unless you initiated it.
• If you have a fraud suspicion, immediately withdraw your consent, notify the bank and the TPP, change passwords and check transactions.
• Use the applications of the TPP licensed by the National Bank of Ukraine. You can check whether the license is available on the website of the National Bank of Ukraine.