02 June 2023

NS&I adds open banking payment option

Written By FinTech Alliance

NS&I adds open banking payment option

Offers Ecospend’s Open Banking-powered ‘Pay by Bank’ to online customers


- ‘Pay by bank account’ will be offered to NS&I’s online customers as an option for making additional deposits

- Customers will be securely transferred to Ecospend where they are able to select the bank they wish to make their payment from

- Easy-access variable rate accounts, including Premium Bonds, Direct Saver, Direct ISA, Income Bonds and Junior ISA, will be able to top-up online savings using Open Banking

What does this mean?

Dax Harkins, NS&I chief executive officer, comments: “I am pleased that NS&I is able to offer our customers the benefits of the latest banking technology to top up their easy-access savings accounts. Customers with most UK major banks and building societies will soon find that they can smoothly make transfers into their NS&I variable savings accounts as we start to roll out ‘pay by bank account’ over the coming weeks.”

Read more here.

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