Customers affected by NSW and Victorian Lockdowns

Our mission is to support and stand behind our customers, and that’s exactly what we are doing. We are acutely aware of the challenges facing SME businesses by the recent NSW and Victorian lockdowns and the resulting wave of uncertainty this can bring.

Open Banking and the Consumer Data Right

This is our Consumer Data Right Policy. We will provide you with an electronic or hard copy of this Policy, free of charge, on request.

About The Consumer Data Right

The Consumer Data Right (CDR) enables you to share certain banking data with accredited persons, such as another bank or organisation. As the banking sector is the first to adopt the CDR, ‘Open Banking’ is the CDR’s first phase. The energy sector and other sectors will follow.

Manage my data sharing

Giving you control of your data

Track and manage your finances more easily

Find a better deal on banking products

Switch products or banks more easily

Open Banking is intended to give you greater access and control over banking data and allow you to share that data safely, efficiently and conveniently with accredited organisations (also known as Accredited Data Recipients or "ADRs").

The CDR only applies in relation to certain types of product and banking data at present. From 1 July 2021, you can request Judo to share certain data relating to your Term Deposit account(s), such as balances, rates and transaction data. You will be able to request to share certain data about all other Judo products by November 2022. Refer to the timeline below for more details.

As a “data holder”, Judo shares your banking data free of charge with other third parties, as long as they are an Accredited Data Recipient (ADR) and you have given appropriate consent to such sharing or unless otherwise required by law.

Types of CDR Data

We share the following types of CDR data:

Customer Data (upon your consent) including:

  • Name and contact details
  • Account balance
  • Account information (such as direct debits, scheduled payments and saved payees)
  • Transaction details
  • Features or benefits specific to you

Product Data (Publicly available via API) including:

  • Product name and eligibility criteria
  • Terms and conditions
  • Interest rate
  • Fees or discounts

You can choose the information you want to share and how long you want to share the data for (e.g. just once or for 3 months, 6 months or up to 12 months)

We'll share CDR data as required by CDR laws and will not share any other kind of data.

Sharing my data

An eligible Judo customer can share their data with an ADR, such as a budgeting app or internet banking app, once they authorise us to do so.

You are eligible to share your banking data if you:

  • Are over 18
  • Have a Judo product that is accessible online (refer to timeline below)
  • Have a valid mobile phone number connected to your Judo account (required to authenticate with a one-time-password. We will never ask for your internet banking password)

How do I share my data?

  1. In your ADR app or website, select what banking data you would like to share
  2. Select the period of time you would like to share your data for (e.g. once or over a period of time. Cannot be more than 12 months)
  3. Select "Judo Bank" to commence the data sharing consent process
  4. You will be prompted to enter your Judo login credentials and then verify who you are using a One-Time-Password (OTP). You will never be asked for your internet banking password.
  5. Next, you will see Judo screens where you can select the entity and accounts you would like to share data from
  6. Confirming the data being shared, you will then be returned to the ADR app or website you have elected to share data with
Manage my data sharing

When data will be available

Open banking Timeline final

You can view, manage or revoke your data sharing consents at any time. The data sharing agreement you have with each ADR, governs how your CDR data is deleted or de-identified after your sharing consent is revoked.

Open Banking FAQs

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Important Information

This policy outlines how Judo Bank Pty Ltd ACN 615 995 581, ACL and AFSL 501091 (Judo, we, us or our) manages certain data under the CDR regime in our capacity as a ‘Data Holder’ under that regime. Broadly, it describes how you may seek access to, or disclosure of, your ‘CDR data’, how you may correct any CDR data we hold about you and our complaints handling process.

For information on how we collect, use, disclose, hold, manage, protect and allow you to correct your personal information (including sensitive information or credit-related personal information) please refer to our Privacy Policy.

For an electronic copy of this CDR Policy click here.