Open Banking is a faster and easier way of making an online bank transfer in the UK. Instead of going to your online banking in a separate window or on a different device, you can log in to a secure page hosted by your bank and authorise a payment to us, without manually setting up a transfer.
Because the login page is a secure page hosted by your bank, TransferWise doesn’t have any access to the details you use to log in, or anything in your bank account, apart from the payment that you approve.
Different banks set different limits for how much you can send by Open Banking. Generally, they’re between 10,000–50,000 GBP per transaction.
If you try to pay for a transfer that’s higher than your bank’s limits, you won’t see your bank as an option in Open Banking.