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Home Challanger banks Revolut and TrueLayer are bringing Open Banking to users in Germany

Revolut and TrueLayer are bringing Open Banking to users in Germany

With the new Open Banking function (linked accounts), Revolut customers can now link all their bank accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse in their Revolut app.

Read also: Starling Bank moves into profit according to Anne Boden

The new Open Banking offer from Revolut was developed in cooperation with Europe’s provider of financial APIs (programming interfaces), the London-based fintech TrueLayer.

The use of the TrueLayer platform ensures that account information from major German banks is securely integrated and updated in the Revolut app in real-time. The cooperation with Revolut also serves as the prelude for TrueLayer on the German market.

Specifically, this means: With Open Banking, German customers can connect all their bank accounts at the supported financial institutions to the Revolut app.

But not only: Users can now transfer money between Revolut and other bank accounts, create personalized budget analysis across different accounts and send money to friends and family and from one account to another via Revolut – finally in a single app and without losing track of things.

The top-up function is also supported in Open Banking: Revolut accounts can be topped up easily by simple transfers from the linked accounts directly in the app, without entering a card or IBAN and, above all, without logging into the online banking of other financial institutions. Open Banking is free for all Revolut users.

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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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