Consumer Information
How Owdyn uses your bank data
Read-only access. We never see your banking password. Disconnect at any time.
Last updated: 28 June 2026
What Owdyn accesses
Read-only access to your account details, balances, and transactions, via Akahu.
When you connect a bank account, Owdyn retrieves:
- Account names and full account numbers, to identify your accounts
- Balances (current, and available where your bank provides it)
- Up to 90 days of transaction history on first connection
- New transactions on an ongoing basis, refreshed every few hours
We use this to show your financial picture, categorise transactions, track budgets, and calculate your Safe-to-Spend. We never sell your data. Akahu is the source we collect your bank data from. We send sanitised transaction descriptions to Anthropic for category suggestions, and we never share your data for third-party marketing.
Automated categorisation
On Plus and Wise plans, we send sanitised descriptions to our AI provider to suggest categories.
On Plus and Wise plans, Owdyn sends transaction descriptions and amounts to Anthropic (Claude) to suggest categories. Descriptions are sanitised first: emails, phone numbers, and card, account, and IRD numbers are stripped before they leave Owdyn. Anthropic does not train on or retain this data, and you can review or change every category. Full detail is in our Privacy Policy.
Type and duration of access
Access is read-only and continues until you disconnect.
Access type
Read-only. Owdyn can view your account data but cannot move money, make payments, or change anything in your bank account.
Duration
Ongoing. Access continues until you disconnect the account from Owdyn or revoke access via Akahu. Some banks may ask you to re-confirm your consent from time to time.
Your controls
You can disconnect or revoke access at any time.
- Disconnect any bank account anytime from your Accounts page, which revokes Owdyn's access immediately.
- If your plan no longer includes automatic sync, syncing simply pauses — and if it stays paused for 30 days, we disconnect the bank connection and revoke our own access automatically. Your accounts and transaction history stay in Owdyn either way.
- Delete your Owdyn account, and all associated data, including bank connection tokens, is permanently erased.
- Revoke access independently through your Akahu account at my.akahu.nz anytime.
- A summary of all connected accounts is always visible on your Accounts page, whatever your subscription.
How we keep your data secure
Encrypted in transit and at rest, and we never see your banking password.
- All data in transit is encrypted with TLS (HTTPS).
- Your bank access tokens are encrypted at rest with AES-256-GCM before being stored.
- Your internet banking password is never seen by Owdyn — your credentials stay with Akahu or your bank, not with Owdyn. See About Akahu below.
- Owdyn runs on Vercel and Neon (AWS ap-southeast-2, Sydney).
About Akahu
Akahu is New Zealand's open finance platform, and the secure link between you and your bank.
Owdyn uses Akahu, an accredited requestor and open banking intermediary in New Zealand, as the secure connection between you and your bank. Owdyn never handles your internet banking credentials. Depending on your bank, you log in directly with your bank, or Akahu logs in on your behalf through its secure hosted flow. Either way, your credentials are never shared with Owdyn.