Open Banking Financial Institutions and Consent Validation
Last Updated: September 16, 2024
Note: This page is constantly evolving and is updated as needed.
As a reminder, each financial institution has their own policy for consent validation. This means that tokens they issue (which govern access) may have an expiration which requires the account holder to re-authenticate periodically to refresh their consent choices. This approach aligns with best practices for secure data access and consumer protection, providing users with control over their financial data while ensuring compliance with financial data-sharing standards.
| Financial Institution (FI) | FI ID | Supported Access/Login Type | Provider Token Expiration Times - How often account holders will need to re-validate consent |
|---|---|---|---|
| Allianz Life | 112966 | Advisor: Yes Delegate: Yes* Investor: Yes | none (consent is rolling with aggregation) |
| Bank of America | 113012 | Advisor: No Delegate: No Investor: Yes | none (consent is rolling with aggregation) |
| Citi | 116252 | Advisor: No Delegate: No Investor: Yes | 365 days |
| Charles Schwab | 112126 | Advisor: Yes ** Delegate: Yes Investor: Yes | none (consent is rolling with aggregation) |
| Chase | 112151 | Advisor: Yes Delegate: Yes *** Investor: Yes | none (consent is rolling with aggregation) |
| Empower Retirement - Your Retirement Plan - Participant | 113078 | Advisor: No Delegate: No Investor: Yes | none |
| Fidelity Investments | 113552 | Advisor: Yes**** Delegate: Yes Investor: Yes | Fidelity tokens expire after 360 days. Currently Fidelity has a known issue where consent does not restart if done in advance so accounts will fail again needing reconsent after the original 360 day date. Fidelity is working on the issue but has cautioned that users let their tokens fully expire and relink the account by going through the consent process anew after the accounts fail to aggregate due to the expired token. |
| KeyBank - Online Banking | 116648 | Advisor: No Delegate: Yes Investor: Yes | 2 years |
| PNC Bank | 113721 | Advisor: Yes Delegate: Yes Investor: n/a | 365 days |
| TIAA-CREF | 115824 | Advisor: No Delegate: No Investor: Yes | 90 days |
| Transamerica | 113658 | Advisor: No Delegate: No Investor: Yes | None |
| U.S. Bank | 112341 | Advisor: Yes Delegate: Yes Investor: Yes | none (consent is rolling with aggregation) |
| Voya Financial - Participant Retirement | 113761 | Advisor: No Delegate: No Investor: Yes | none (consent is rolling with aggregation) |
*Allianz only supports aggregation for Advisors, Investors or Delegates of a Financial Professional. Delegates of clients are not supported.
**Advisors with institutional access should use "Charles Schwab Institutional - SFTP".
***Authorized Owners must select “Third Party Access” on the Chase Access Manager page in order for the Authorized User to be able to aggregate data from the API.
****Advisors with institutional access should use "Fidelity IWS - FTP Access".
Updated about 1 month ago