Lloyds first to launch Open Banking app for credit card and savings customers

Lloyds Bank launches enhanced Open Banking app. Source: shutterstock.com

Lloyds Bank, Halifax and Bank of Scotland customers can now see their savings and credit card accounts in real time alongside current accounts in their banking app, using the latest Open Banking technology.

For now, this only includes Lloyds Bank, Halifax and Bank of Scotland accounts. For example, customers with a Halifax current account will be able to see their Lloyds Bank credit card or savings account in their Halifax banking app. However, as other banks and payment service providers join the service, customers will not only be able to see their accounts in different providers’ mobile apps, but also add savings accounts and credit cards held with other providers to their Lloyds Bank, Halifax and Bank of Scotland apps.

This follows the introduction of Open Banking technology at the start of the year for current accounts, as well as a number of other features including Save the Change and Google Maps functionality.

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