Lloyds app now lets customers see savings and credit card accounts from other banks

Lloyds app now lets customers see savings and credit card accounts from other banks

Lloyds Banking Group has stepped up its Open Banking game, enabling customers to see within it app their savings and credit card accounts from other providers.

The group's three brands - Lloyds, Halifax and Bank of Scotland - all already allow customers to see all of their current accounts in their banking apps.

The credit card and savings feature currently only includes the three sister brands - for example, customers with a Halifax current account will be able to see their Lloyds Bank savings account in their Halifax app.

However, as other banks and payment service providers join, customers will be able to add savings accounts and credit cards held with other outfits to their Lloyds, Halifax and Bank of Scotland apps.

Stephen Noakes, transformation director, Lloyds Banking Group, says: "Customers are already using Open Banking to get a fuller view of their finances at their fingertips. Adding savings accounts and credit cards to the mix will help provide an instant snapshot of their financial lives and make it easier to make decisions about spending and saving.

"Later this year, we will also be adding the ability to make payments and move money from other banks’ accounts via Open Banking."

Comments: (0)

Trending Stories