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open banking aims to make bank data securely available to other banks and software providers. This is an EU/government initiative to improve competitiveness amongst banks. One advantage is that it enables data to be downloaded directly to various software apps to enable budgeting etc. The more established software like YNAB don't seem to be interested in sorting this out for UK bans.Three that seem to be available for this are Yolt, Moneyhub and Money Dashboard. User reviews on these suggest that they are still a bit basic and flaky. But they would have the advantage of showing budget information in real time.
Has anyone tried any of these three? if so which seemed best for categorisation and budgeting and are they worthwhile? What are the pros and cons?
Originally posted by amilbourn
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It's still very early days at the moment.
Not all of the UK's banks make data available via Open Banking (yet).
I've had a quick play with
Yolt. To link many bank accounts to it you still have to supply your full online banking details. That's not Open Banking integration.
No credit cards seem to support Open Banking at the moment.