Yes. The bank connection is a licensed account information service (AIS): it reads balances and transactions and can't move money.
Who's involved
- You grant access at your bank, with the same PIN and app/TAN as in your online banking.
- Your bank keeps your login and your money.
- finAPI, an account information service provider (AISP) supervised by BaFin (Germany's financial regulator), talks to your bank's official interface.
- Westara isn't the AISP. After reading, Westara stores the approved account list, IBAN and holder (if the bank provides them), balances and booked rows in your workspace. No bank passwords, PINs or TANs.
- finAPI sees the raw transactions in order to read them. The bank connection isn't hidden from a third party.
What happens
You pick your bank and the account types (current and savings by default).
You confirm at your bank.
The bank grants time-limited consent, typically about 90 days.
You match the bank products to Westara accounts.
What never happens
No payments, standing orders or limit changes. Those would need a separate payment consent, and Westara doesn't use one.
You stay in control
You can remove the bank connection at any time or revoke access in your online banking. Consent expires after about 90 days and has to be renewed.
Watch out for fraud
Only connect from the signed-in app. A genuine flow never asks for your PIN or TAN by email or text message.
File import (CSV or CAMT) is a private route: no AISP reads along.
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Related articles
- How do I connect my bank through finAPI? On Solo and Family, you connect your bank under Accounts → Connect bank. Through finAPI you grant read-only access at your bank, then you match the accounts and fetch the bookings.
- How do I renew or end bank access? Your bank's consent typically lasts about 90 days. After that, tap Renew access. If you don't want any more fetches, choose one of the actions below depending on what you want.
- Import a file or connect my bank: which suits me? Both work well: file import works on every plan and goes back as far as your export, while the bank connection through finAPI (Solo and Family) conveniently fetches new days.