Open Banking

The Australian Government's new data standards

Open Banking

Open Banking and Australian Military Bank


The Australian Government has developed a series of data standards that help you to access information about your financial products. These standards form part of the Consumer Data Right Legislation designed to allow consumers greater control over their data.

The first phase of changes relate to product information such as interest rates, fees, features and benefits for deposit accounts and credit cards. You can read more about these changes at Consumer Data Standards Australia.

Australian Military Bank makes this information publicly accessible and consistent with the Standards, meaning wherever you compare financial products our product information along with other financial institutions will be in the same format.

What do I need to know about Open Banking?

  • Open Banking will make data on banking products more accessible and comparable, allowing you to easily see if you’re using the best product for your needs.  
     
  • In future releases, your personal product information will be able to be securely accessed through this system (such as transaction history and balances). This will allow for more personalised information and recommendations. You will need to consent to any party being able to have access to your data and can revoke this consent at any time.  
     
  • Any party that you consent to receiving your data has to be accredited by the Australian Competition and Consumer Commission (ACCC) to be able to access data. Information about the draft accreditation guidelines are available on the ACCC website
     
  • Additional safeguards have been developed to enhance and ensure your privacy in the use of Open Banking. More information about these are available on the Office of the Australian Information Commissioner website

For Developers 


We offer unrestricted APIs for developers to access our product information.

APIs include:

  • Products 
  • Features
  • Eligibility criteria
  • Fees 
  • Interest rates 

For the below products:

  • Transaction Accounts
  • Savings Accounts
  • Term Deposits
  • Credit Cards

 

Type URL
Product API https://product.api.australianmilitarybank.com.au/cds-au/v1/banking/products 
Product Detail API https://product.api.australianmilitarybank.com.au/cds-au/v1/banking/products/{productId}
Product API Swagger https://product.api.australianmilitarybank.com.au/cds-au/

 

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