this post was submitted on 13 Mar 2024
30 points (94.1% liked)

Personal Finance Canada

1184 readers
1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago
MODERATORS
 

cross-posted from: https://lemmy.ca/post/17302131

A long-awaited change to Canadian banking is coming

Open banking works by giving consumers the option to share their banking data with other firms. The most common use is granting access to budgeting or money management apps and companies, so that a customer can pool different bank accounts and credit cards into one place.

Ah yes, finally what we've been missing in our financial system! 🤭

you are viewing a single comment's thread
view the rest of the comments
[–] KingOfTheCouch@lemmy.ca 2 points 8 months ago

We just can't have nice things can we. There's always a goddamn catch.