Open Banking can let you see all of your accounts, wherever you bank, together in one place
Open Banking allows you to securely share information with third party providers (TPPs), who can then
provide you with a range of services, like giving you budgeting tools to help you manage your money.
Account information sharing
By sharing your information securely with a TPP you could do things like connect your accounts and
view all of your balances and transactions in a single place. Plus, you could use product comparison
sites to check if there’s a more suitable account for your lifestyle.
Sharing your account information securely
TPPs will require your consent to access your M&S Credit Card account details; it's important you
understand the services they are providing and how they will use your information.
There are two ways that a TPP could have access to your account information.
Application Programming Interface (API) based access: the TPP will ask you
for your consent and you will be securely redirected to M&S Bank's online authentication
process. This will be similar to the way you sign in to our Internet Banking service. If
you're using our Mobile Banking app, you'll simply be able to use face recognition or Touch
ID to authenticate, where available.
If you have any problems authenticating, make sure you follow the process with step-by-step
on-screen instructions on how to generate the security code.
Once authenticated, you can select the account you want to share. The TPP will ask for your
consent for them to access your account information either as a one-off, or for a period of
time. Depending on the duration of the consent you provide, they will ask for your consent
every 90 days to carry on accessing your data.
Screen scraping access: Before a TPP can access your account, they will need
to identify themselves to us. TPPs may then access your accounts by signing in using your
Internet Banking security credentials. They'll need to request this information from you
each time they need to access your information. The TPP will be able to access information
in a similar way to when you use Internet Banking. This is commonly known as screen
TPPs are only legally permitted to access screens and information for account that you have
given consent to. This includes the account summary, and balance data. All TPPs that access
your information must comply with data protection laws and must be registered or authorised
with the Financial Conduct Authority (FCA).
If you're concerned about the data you've shared and feel it may have been used incorrectly,
get in touch with the organisation or the TPP as soon as possible.
How is Open Banking secure?
TPPs who can access your M&S Credit Card information through Open Banking must comply with
data protection laws and must be registered with or authorised by the Financial Conduct Authority or another EU
member state's National Competent Authority. The FCA is the UK's National Competent
You should only input your sign in security details with TPPs that are registered with their
respective National Competent Authority, as TPPs across Europe can also offer this service.
You can check that a TPP is legitimate, or find out more information, by contacting them
directly or visiting their website. You can also see if a firm is authorised to provide Open
Banking services by checking the FCA.
What information is shared with TPPs?
If a company asks you to share information, they have to be clear what they are going to do
with it, and how long they will keep it for.
Here are some examples of what data may be shared:
Account name, card account number, account balance and currency
Details of your incoming and outgoing transactions
Details of information contained in your statement
The types of products you have, including benefits, offers, rewards, fees, charges and
Name of card account holder
How can I stop sharing my information with TPPs?
You can choose to stop sharing your information at any time, and when you do, it is with
You can go back to the TPP, who you agreed could access your information, and ask them to
stop accessing your account(s). This will usually be via their app or website.
You can also sign in to Internet Banking or the M&S Banking App and select 'Open Banking
Connections'. From here you can see all of the TPPs that you have given access to and cancel
that access at any time.
We'll notify the TPPs that their access has been cancelled and this may affect the services
they provide you.
Any access you’ve given to a TPP where you have given your Internet Banking security
details must be cancelled directly with them.
Am I automatically opted in to Open Banking?
You are not opted in automatically. To take advantage of Open Banking, you will need to
provide consent to a regulated TPP.
If you'd like to use a TPP to view your M&S Credit Card details, you'll need to be
registered for Internet Banking
What should I do if I have a problem with a
product I bought
through Open Banking?
If you have a problem with something you bought, e.g. if it hasn't arrived or you received
the wrong item, please contact the retailer directly.