What's Open Banking?
Open Banking will allow you to securely make payments and share your banking information with trusted third parties — like financial advisors or online stores — while keeping control of your data. You decide who can access your information and for what purpose.
How will it work?
Open Banking offers two key features that will make managing your money and sharing your financial information easier and more secure.
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1Tahi
Make fast and direct payments — from May 2026
Use Open Banking to make fast, direct payments via trusted third parties, such as online shopping purchases. It’s a safe and easy way to pay directly from your bank account.
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2Rua
Share your data with consent — from November 2026
With Open Banking, you can choose to share certain information like your account balance and transaction history with trusted third parties. This can help with activities such as getting personalised budgeting advice or applying for loans. You can change your mind and revoke or amend your consent at any time.
Is Open Banking safe?
Open Banking is designed with your security in mind, using international best practices. Payments NZ Limited (PNZ) is helping ensure that all Open Banking practices in Aotearoa New Zealand are safe and secure. Any third party that wants to offer Open Banking services must meet strict security standards from PNZ and Kiwibank. You can learn more about PNZ at apicentre.paymentsnz.co.nz.
When can I start using it?
Kiwibank kiritaki (customers) can make payments through Open Banking from May 2026, and start sharing data through Open Banking from November 2026.
How do I find out more?
We'll update this page with more information closer to the launch date.