Open Banking

To share your personal data via Open Banking is entirely your choice. We will never share your personal data without your consent. If you have a joint account, then any joint account holder can share your joint account data, though you will be notified if they do and you have a choice to disable data sharing at any time for any of your joint accounts.

To be eligible for Open Banking data sharing, you:

• Must be at least 18 years old
• Are registered for Digital Banking and have an up-to-date mobile number
• Must have an open and eligible account

Business accounts held by sole traders, companies and trusts, including self managed super funds are currently not available.

You will be able to share data such as:

• Your details, such as your name, addresses and contact details
• Account Details such as Name, Number, Type, Balances and Features
• Transaction Details such as Amounts, Dates and Description of transactions
• Direct Debits and Scheduled Payments

Great Southern Bank is committed to ensuring that your data is safe and sharing your data via Open Banking is no exception. Your data can only be shared with your explicit consent and with data recipients that are accredited by the Australian Competition and Consumer Commission (ACCC). Data recipients must comply with strict privacy and security requirements in order to become accredited.

Data sharing is only possible with Accredited Data Recipients.

View the list of Accredited Data Recipients

To share your Great Southern Bank data with an accredited data recipient:

• The first step is to provide your explicit consent via the accredited data recipient to share your Great Southern Bank data
• After receiving your request we will ask you to confirm your identity by using your Customer Number, the last 4 digits of your mobile number, and by entering a one-time password that will be sent to your mobile phone
• You can then review the details of the request for the data to be shared and how long it will be shared for
• And ‘consent’ to commence data sharing with the accredited data recipient

Changes to your consent arrangements can be made at any time through the accredited data recipient. You cannot make changes to your consent arrangements through Great Southern Bank. Examples of changes that you may wish to make to your consent arrangements are:

• Duration
• Frequency
• Accounts

You can withdraw your consent at anytime through online banking with Great Southern Bank.

Great Southern Bank does not charge fees to enable data sharing via Open Banking.

For more information on the Consumer Data Right, please refer to www.cdr.gov.au

For more information about Open Banking at Great Southern Bank, you can call us on 133 282.