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How long does Open Banking consent last?

When a consumer gives their approval, an AISP (account information services provider) makes a call to the bank's API and gets an access token and a refresh token. These tokens, once granted by the bank, allow the AISP to request data from the bank without requiring the consumer to enter credentials each time. After 90 days, these tokens will expire. The consumer must provide credentials to their bank after 90 days in order for the AISP to receive new access and renew tokens.

Fortunately, the FCA, the UK regulator, responded in November 2021 and changed the laws to address the problem. Instead of providing credentials to their bank every 90 days (re-authentication), consumers now simply need to notify their AISP with reconfirmation that they consent to their data being accessed.


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