What is ClearStake and how does it work?
ClearStake uses open banking, which means you, not your bank, decide what financial data you share.
When you use ClearStake, you give permission for your bank to securely share specific financial information with us. It’s powered by Nuapay, an FCA-authorised payment institute (registration #624067). This process is completely safe and already used by millions across the UK. 🔒
How it works:
- You log in to your online banking to verify your identity
- Your bank asks if you’d like to share information with ClearStake
- Once confirmed, the connection is secure and automatic, especially if you’re using your mobile banking app
- You can also connect multiple banks if you want to! But your data won’t be shared between them.
Why we use it:
ClearStake helps us make sure you’re spending safely and within your means. We only see what’s needed for that purpose, nothing more.