Giving you the choice to securely share your banking data with other organisations you trust for faster and easier management of finances.

What Is Open Banking?

In 2019 the Australian Government passed the Consumer Data Right (CDR) legislation, which is more commonly known as Open Banking.

Open Banking is intended to provide greater choice and control for Australians over how their data is used and disclosed. It will allow consumers access to certain information in a usable form and to direct a business to securely transfer that information to an accredited data recipient.

The SCCU Consumer Data Rights policy provides information about how Southern Cross Credit Union manages specified data and explains how third parties are able to retrieve information about products we offer. It is designed and documented to support the Australian Consumer Data Standards.

Consumer Data Right (CDR) Policy

The CDR Policy provides information about how SCCU manages data under the Consumer Data Right

View Policy

  • What Are the Benefits?

    Open Banking will increase competition between banks and financial institutions and accredited third parties, by making it easier for consumers to compare and switch. It will give you more control of your data, and greater visibility to manage your finances better.

  • What Type of Data is Shared?

    Product reference data is currently available which does not contain any personal or sensitive data. From 01 November 2021 personal information will be available to be shared, but only once you, as the customer, have given consent for this to happen.

    Further information on how to provide consent is available here.

    Initially personal customer data (known as consumer data) will only be available for single accounts, overdrafts, business accounts and select loan products, with remaining products phased in during 2022. Data for joint accounts will also become available in accordance with the Consumer Data Right (CDR) Timetable.

  • Is My Data Secure?

    At Southern Cross Credit Union, data security is of utmost importance and Open Banking is no exception. Open Banking is your choice, and your data will be protected by privacy safeguards, which will keep you in control of how companies can use your data.

    Third parties providing services via Open Banking must be accredited by the Australian Consumer and Competition Commission (ACCC) and comply with all privacy and security requirements.

For Developers interested in using the product API

The SCCU Open banking Product API (Application Programming Interface) enables third parties to retrieve information about products that SCCU currently offers. It is designed and documented to support the Australian Consumer Data Standards.

Our product API includes products for both retail and business customers such as:

  • Transaction Accounts
  • Savings Accounts
  • Term Deposits
  • Personal, Business & Home Loans

Data for additional products will be progressively added to the API in line with the timeframes specified by the Consumer Data Right.

How to Access our API

Product details including conditions, rates and fees may change from time to time without notice. Please direct your end users to refer to for current product details.

The Get products API is located at the following URL;