The Financial Conduct Authority (FCA) will be introducing changes to the Open Banking 90-day re-authentication rule for bank feeds. We'll break down what this means and answer frequently asked questions.
What's changing?
Starting from 30 September 2022, you'll no longer need to re-authenticate your bank connection with your bank every 90 days. This change aims to simplify and improve the re-authorisation experience.
What's does this mean?
You will still need to provide your explicit consent with your bank when you first set up a new bank connection in QuickBooks Online or QuickBooks Self-Employed. However, on day 90, rather than re-authenticating the connection with your bank, you'll only need to re-confirm your consent with QuickBooks and we'll take care of the rest.
You can remove this consent at any time.
What happens next?
We will update this space with more information closer to the time. You'll also receive an email before the changes take place.
We'll continue to remind you periodically via in-product messaging and email before the consent expiration date.
Frequently asked questions
