Open Banking offers a convenient way to safely pay money into your InvestEngine account, normally within seconds.
Our Open Banking service provides you with a secure link to your banking app or website where you just log in and authorise the transfer amount.
We’ve integrated this facility into InvestEngine’s online service and app using our partner TrueLayer, an FCA-authorised payment institution. It’ll take you to your bank’s app or website to confirm the transaction, then bring you back to InvestEngine where your funds will normally show immediately in your portfolio balance.
It’s quick and secure and you keep full control of your money — you authorise the transfers through your own bank’s app or website, and we never see your bank login or password.
We advise clients to check if their bank support the latest Open Banking specifications. Currently, we know that Chase bank, Virgin Money (Clydesdale bank and Yorkshire Building Society), Co-operative banking, Metro Bank, Kroo and Triodos bank are not supported via our Open Banking partner, Truelayer.