Best Bank Account / Credit Card Aggregator?

normal

Given the Payment Services Directive (PSD2) is due to come into force in a month's time, I was wondering what new open banking services are now available?

I'm particularly looking for a web / app based aggregation service so I can look at all my different bank accounts and credit cards in one place, analyse my spends etc. Any suggestions?

Obviously, I understand some people's reticence to use such a service due to privacy and security concerns, but I'd still like to be able to use something myself.

normal

These are the ones I've found so far. I've no idea if they're any good or not, but looking for feedback, advice, other suggestions.

Tink

Yolt

OnTrees

Money Dashboard

dj1471

I've been using Money Dashboard for some time, works fine.

But these are all pre-existing services, they're not part of the Open Banking thing (I'm sure they'll migrate to it eventually). Using them may violate your banks' T&Cs since you're sharing your logon details...

normal

I would have thought that all the major banks would have changed their T&C's to take PSD2 into account by now. I'm quite surprised by how little choice there is at the moment.

colsten

I have tried MoneyDashboard and OnTrees a few years ago and found them both useless for my requirements. It seems they can't cope very well with more than 2-3 accounts, performance was awful. They also didn't support half of the companies I have accounts with. I was used to the functionality of the now defunct Egg MoneyManager. The technology used was provided by ewise, who licensed it to First Direct for their Internet Banking Plus offering. For some odd reason, First Direct opted for a cut-down version which doesn't have all the organisations supported by ewise. I have therefore been using the native ewise service for the last few years, and I'll stick with it unless something significantly better comes along, or ewise pull the plug.

eskbanker

normal wrote: »

I would have thought that all the major banks would have changed their T&C's to take PSD2 into account by now. I'm quite surprised by how little choice there is at the moment.

Based on my experience of the quantity of mailshots received recently, most of the major banks have advised of a change of Ts & Cs to accommodate open banking, but these typically take effect from 13 January 2018 rather than being immediate. Presumably any new entrants in the consolidator/aggregator territory will be gearing up towards launch on or around then rather than well in advance before the new provisions have been activated....

normal

eskbanker wrote: »

Based on my experience of the quantity of mailshots received recently, most of the major banks have advised of a change of Ts & Cs to accommodate open banking, but these typically take effect from 13 January 2018 rather than being immediate. Presumably any new entrants in the consolidator/aggregator territory will be gearing up towards launch on or around then rather than well in advance before the new provisions have been activated....

You're probably right.

Depressing really. Most companies I know are ready for General Data Protection Regulation (GDPR) which doesn't come into play until May, but banks are dragging their feet like an awkward child sulking on the way.

eskbanker

normal wrote: »

You're probably right.

Depressing really. Most companies I know are ready for General Data Protection Regulation (GDPR) which doesn't come into play until May, but banks are dragging their feet like an awkward child sulking on the way.

I don't see that as a valid comparison to be honest - GDPR entails changes to companies' data-related processes that they can carry out entirely independently of the forthcoming compliance deadline, but open banking can only really start happening after 13 January because the regulatory framework (that will protect customers) doesn't come into effect until then, so they'd be going out on a limb if they jumped the gun. Too many mixed metaphors there but I'm sure you understand....

ozaz

Bud looks interesting, but still in beta
https://thisisbud.com/
http://uk.businessinsider.com/fintech-bud-hsbc-first-direct-investec-open-banking-sabadell-2017-10

jamesblue

I really like Yodlee, which i officially could only use while a resident in USA, it had a lot more financial companies i.e. H&L

Otherwise Money Dashboard is good and they keep improving the layout.