Security
Your money stays yours
PayDay connects to your bank through Akahu. It can see your pay arrive, and it can only move money between your own accounts, by the rules you set.
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. You approve access at your own bank, and PayDay only runs the split rules you set.
Is open banking even legal here?
It is. Open banking is New Zealand law under the Customer and Product Data Act 2025.
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
PayDay only runs the split rules you create. Edit or delete any rule, pause all automation, or disconnect entirely whenever you choose.
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.
Connected through Akahu
PayDay connects to your bank through Akahu, New Zealand's open finance platform. Akahu is a separate company and does not endorse PayDay.
Revoke access anytime
Disconnect in the app, or revoke PayDay's access at my.akahu.nz, whenever you choose.
Read how PayDay uses Akahu.
Security questions
Is it safe to connect my bank account?
Yes. PayDay connects through Akahu, New Zealand's open finance platform. 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 at my.akahu.nz. Access stops immediately.
Does PayDay comply with New Zealand law?
PayDay operates under the Privacy Act 2020, and connects to your bank through Akahu, New Zealand's open finance platform.
Safe by design, from day one
Join the waitlist and be first in line when we launch. Early members get 6 months of Pro free.
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