New Barclays app feature to show your accounts with seven other banks

This free, optional feature on the app – which already rates well with MSE users – will be rolled out to all Barclays current account holders over the next few weeks.

It will allow customers who are also with Bank of Scotland, Halifax, Lloyds, Nationwide, NatWest, RBS or Santander to see their balances and transactions via the Barclays app – though you won’t be able to use it to make transactions through the other banks.

Barclays is tight-lipped about which other banks it will extend this to include and when, but judging by its promo video it looks set to include First Direct, HSBC and M&S.

The new feature follows the introduction of ‘Open Banking’ in January, as well as new legislation called PSD2, which aims to make banking easier and fairer. It means that banks must ensure their customers’ data can be shared securely with other banks and third parties if the customer gives permission.

If you’re thinking of switching bank, see our Best Bank Accounts and App-based banking guides.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Scarpenter - Page brought to you by S Carpenter