Change in consent renewal frequency

Consent renewal will now be done every 180 days.

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With the new change in data access permission, the renewal of consent for access to banking data will now be required every 180 days, instead of the previous 90-day frequency. This means that the banking data for each account is kept in nBanks for a period of 180 days, or 90 days, depending on the banking institution.

This update is already in effect for all banking institutions in Portugal. In other countries and non-Portuguese banking institutions present on the nBanks platform, this renewal may still be required every 90 days.

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Benefits:

- Less frequent consent renewal, now only required every 180 days instead of 90 days, reducing bureaucracy for users;

- Greater convenience for users, as they do not need to renew access as regularly, saving time and effort;

- For 180 days, nBanks can automatically access authorized banking data, ensuring a smoother and uninterrupted experience;

- Same security, with the same security and privacy standards, with less impact on user experience.

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Available for banks in the following geographies: Portugal.

‍You can renew your consents here.