What is Open Banking and how do you use it?

Open Banking is a secure, regulated practice that allows you to share your banking information - or authorise a payment — directly from your bank account, without needing to enter card details or set up a manual transfer.

In the Netherlands and across Europe, Open Banking is regulated under PSD2 (the EU's Payment Services Directive), so it's a safe and trusted standard supported by all major Dutch banks.

You can think of Open Banking top-ups as a process very similar to iDEAL. Just like iDEAL, you authorise the payment directly in your own trusted bank app. The main difference is that Open Banking also allows us to safely verify that the bank account belongs to you during signup, which iDEAL cannot do.

Yonder uses Open Banking in two ways.

1. To verify your bank account

When you sign up, we may ask you to connect your main bank account. This lets us confirm that the account belongs to you and is in your name — a quick and secure identity check.

2. To top up your Yonder account (via SEPA Instant)

Rather than manually entering your bank details or waiting for a standard bank transfer, you can add funds to your Yonder Debit account instantly using Open Banking. This is powered by SEPA Instant Credit Transfer — meaning funds arrive in your Yonder account in seconds, any time of day, any day of the year.

Yes. Open Banking is regulated by the Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB) under European PSD2 rules. You authorise each payment directly through your own bank's app or website — Yonder never sees or stores your online banking login credentials.

Open Banking transfers are supported by most major Dutch banks, including ING, Rabobank, and ABN AMRO. If your bank isn't listed, you can still top up via a standard SEPA bank transfer.

Click here to see Yonder's open banking service availability.