Security
Your money stays yours
PayDay is built on New Zealand's regulated open banking. We can see your pay arrive, but we can never touch your money.
The worries worth taking seriously
Handing over your bank login feels wrong
You should never have to type your banking password into a third-party app, and with PayDay you never do.
Worried an app can move your money
The fear is that a connected app could drain an account. PayDay can only make the transfers you set up in a split rule, to accounts you nominate, so it cannot.
Not knowing what you agreed to
Vague permissions are unsettling. Every split rule is a separate permission you set and can undo.
Is open banking even legal here?
It is. Open banking is New Zealand law, and only accredited providers can access bank data.
How the connection actually works
Three facts explain why connecting to PayDay is safe by design.
You log in at your bank
Connecting goes through your bank's own official login screen, never PayDay's. Akahu never sees your password, and neither do we.
PayDay gets two permissions
We can see your transactions, and we can make the transfers you set up in a split rule. We cannot send money anywhere you have not nominated.
You authorise every rule
Each split rule is a permission you create. Pause, edit or delete any of them, or disconnect entirely, and access stops at once.
What protects you, in plain terms
No jargon. Here is exactly what keeps your money and your data safe.
Encrypted end to end
Your data is protected with TLS 1.3 in transit and AES-256 at rest, the same standards used across banking.
Two permissions, nothing more
PayDay can see your transactions and make the transfers in your split rules. It cannot move money without a rule you have explicitly created.
Government-accredited connection
PayDay connects through Akahu, an accredited requestor on MBIE's official Register of Participants under the Customer and Product Data Act 2025.
Revoke access anytime
PayDay's access lives in your Akahu dashboard. One click disconnects us completely, whenever you choose.
Verify Akahu on MBIE's Register of Participants.
Security questions
Is it safe to connect my bank account?
Yes. PayDay connects through Akahu, an accredited requestor on MBIE's Register of Participants under the Customer and Product Data Act 2025, New Zealand's open banking law. You log in at your own bank, so PayDay never sees or stores your banking credentials. PayDay can see your transactions and make only the transfers you set up in a split rule.
Can PayDay access all my accounts?
Only the accounts you explicitly authorise when you connect. You choose which accounts to share, and you can change those permissions at any time.
What happens if PayDay is compromised?
PayDay does not store your bank password, so it cannot be exposed. The access tokens we hold are encrypted and can be revoked instantly, and they only allow the transfers you have set up in a split rule, so they cannot be used to send money anywhere else.
How do I revoke PayDay's access?
Disconnect your accounts from PayDay in the app at any time, or revoke access directly from your Akahu dashboard. Access stops immediately.
Does PayDay comply with New Zealand law?
PayDay operates under the Privacy Act 2020, and connects to your bank through Akahu, an accredited requestor under the Customer and Product Data Act 2025. You can verify Akahu on MBIE's public Register of Participants.
Safe by design, from day one
Join the waitlist and be first in line when we launch. Early members get 3 months of Pro free.
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