Open Banking User Guides and General Information

Open Banking Migration User Guides

Provider Token Expiration Times - How often account holders will need to re-validate consent

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.

Maximum Transaction History Gathering (Some accounts types may not go back as far)

This is the maximum time frame ByAllAccounts aggregation is set to look back for historical transactions. This limit is based on maximum availability by the financial insitutitions, however, some account types may have less history available.

Open Banking Migration Date Definitions

Simple Table
Date Type Definition
Conversion Date Date that ByAllAccounts will convert existing accounts from screen-scraping to API
New Account Enablement Date Date that new accounts will be routed to the API (and screen-scraping Financial Institutions are hidden from new account setup). This may be the same or before the Conversion Date.
Financial Institution Screen-Scraping Cutoff Date Date that the Financial Institution will no longer allow screen-scraping. Aggregation must go through the API and other access may be blocked.
Removal of Screen-Scraping FIs from the ByAllAccounts Platform Date that ByAllAccounts will delete the screen-scraping Financial Institutions to clean up the ByAllAccounts Platform and protect resource allocation. This will be 30 days after final conversion unless otherwise noted.