Question
Is the account.openStatus
attribute of GetAccounts API supposed to be used for determining the eligibility of accounts statuses for Consent flow?
That is, are all accounts marked Open
expected to be available to Customers when they reach Consent flow?
Does this mean accounts can be marked as Open
only if they are set up to be accessed online?
Answer
The account.openStatus
has two enumerated values. The status OPEN
indicates the account is open and can be transacted on. The CLOSED
status indicates no transactions can be performed as the account has been closed. The status is not supposed to be an exhaustive representation of the account lifecycle states each bank uses for their accounts. For example, some banks may have a frozen or suspended account state, which is not represented by account.openStatus
.
Closed accounts are eligible accounts that should be shown in the consent flow's Account Selection
step.
The eligibility conditions for closed accounts and related data are laid out in the CDR Rules, Schedule 3 Provisions relevant to the banking sector, Part 3, Section 3.2, subsection (4). There are also phasing considerations for banks, listed in CDR Rules, Schedule 3, Part 6, Section 6.2.
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