ClearStake is an open banking system - open banking puts you, rather than your bank, in charge of your financial data. When consenting to use ClearStake, you consent to share financial information from your bank with us. ClearStake is powered by Nuapay, an Authorised Payment Institute registered with the FCA #624067. Sharing data in this way is a completely safe and secure process, already used by millions of people all over the UK.
To get set up, your bank will ask you to log in to your online banking to verify your identity, then ask you to confirm that you’d like them to share information with ClearStake. If you do this on your mobile, then you'll be able to go directly to your banking app.
You may wish to share details from multiple banks - each can be set up individually, and your data will never be shared across these institutions.
ClearStake manages and secures the data that you agree to be shared and only provides us with visibility of the parts that are necessary for us to ensure that you, as a customer, are spending within what you can afford. That’s it!