Certain optional features in the Marygold app (e.g. pay day nudges, low balance alerts, external account overviews, etc) require access to information in your current account(s). You do not need to use these features to use the Marygold app, you can still save with Marygold and make use of features like date-nudges. If you want to make use of the optional features of Marygold these require external account linking.
Linking accounts does not give Marygold any control over your external accounts, nor are any of your external bank login details ever shared with us (or anyone). Linking, with your explicit consent, allows Marygold to access certain account information at your banks via our Open Banking partner Moneyhub. This information includes things like account names, account balances and transactions. Your consent can be withdrawn any time.
This data sharing is made possible via Open Banking. Open banking is a new way to make your money work harder. It’s secure, it’s quick, it’s convenient – and over 10 million businesses and consumers in the UK already use it.
Moneyhub is authorised by the FCA for Open Banking services. Moneyhub is a registered AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider). Moneyhub's customers include 'household' names such as Nationwide, Scottish Widows and Standard Life
Open Banking is regulated by the Financial Conduct Authority, which oversees UK financial services firms and markets. This means companies have to follow strict rules and stringent standards to keep your data secure.