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What is Open Banking?

Open Banking gives you, as a Westpac customer, the ability to share your banking data with other parties you trust, including other banks, online.

What is the Consumer Data Right?

On 9 May 2018 the Government announced its intention to introduce a new Consumer Data Right (CDR) law in Australia. Put simply, the Consumer Data Right puts control of your data in your hands. In relation to banks, the Consumer Data Right is referred to as “Open Banking”.

Frequently Asked Questions

One of the purposes of Open Banking is to increase competition across financial services and potentially allow customers to negotiate better deals and save money. Open Banking means that you will be able to share your data with Accredited Data Recipients (ADRs). This will give you access to products and services that suit your needs.

Westpac is committed to ensuring that your data is safe including via Open Banking. Customers who want to use Open Banking will need to be registered for online banking.

Any Data Recipients who are providing services by Open Banking must comply with privacy and security requirements and be accredited by the Australian Consumer and Competition Commission (ACCC).

It is entirely your choice if you wish to use Open Banking. Open Banking requires you to sign in using your Internet Banking credentials to authorise any sharing of information. If you change your mind you can revoke or cancel access to your data from ADRs at any time using your data sharing dashboard on Westpac Live.

Interested developers can read more about the Product API.

You may ask us to share your Westpac consumer data, or other consumer data you have given us permission to collect, in order to get a banking product or services from another organisation, such as another bank.


For example, if you apply for a loan with another bank and they request to see data on your Westpac savings account as part of their assessment, you can give us permission to share your Westpac consumer data relating to that savings account with them. 

To start the consent process, you will need to go through the Accredited Data Recipient (ADR) you wish to share your data with, such as another bank or financial institution. Through their data sharing portal, you will be connected to our Westpac consent portal to provide consent.

We will only share your Westpac consumer data if you give us permission to do so with another ADR. Alternatively, you may authorise the ADR, such as a different bank you are opening an account with, to access your consumer data on your behalf.

You can use your data sharing dashboard in Westpac Live to track all the permissions you have given to us to share your data. We will always notify you via the data sharing dashboard as soon as practicable after sharing your data.

You may withdraw your permission for us to share your consumer data on any account at any time by using your data sharing dashboard through Westpac Live.

Once your permission for us to share your data has been withdrawn, we will no longer share data with the ADR.  

The data sharing dashboard on Westpac Live will show you all your active consents and also any previous consents that you have provided, which have expired or been revoked or cancelled.

When creating your consent, you can select how long you would like your consent to stay active. Active consent may be a once off or you may select up to 12 months. The maximum limit for consent to remain active is 12 months, before it will expire. If you would like to continue sharing data once it has expired, you will need to create a new consent.


You may choose to create more than one consent or different consents for different accounts, depending on the information you wish to share and the length of consent you would like to give. 

Consumer Data Right (CDR) Policy

The CDR Policy provides information about how Westpac manages data under the Consumer Data Right.

Consumer Data Right (CDR) Policy (PDF 1MB)

List of Accounts

This document provides a list of all Westpac accounts eligible for data sharing through Open Banking.


List of Accounts (PDF 76KB)