MyData: Who Qualifies and What You Get
Discover how MyData helps financial consumers see all their assets across various banks and brokerages in one unified view.
MyData is a service designed to provide you with a unified view of all your financial assets. It works by aggregating information from your different banking and brokerage accounts into one single location.
Who it's for
This service is open to all financial consumers.
What you get
The primary benefit is a comprehensive overview of your entire financial landscape. Instead of logging into separate accounts, you can see your holdings across various banks and brokerages through a single, unified view.
What it costs you
There is no monetary fee mentioned for the service, but it does require a commitment of your data. To use it, you must provide consent to allow your various financial institutions to share your personal data with one another.
The catch to know
Because this service relies on the movement of your information between different companies, your privacy settings are critical. You must review these settings on a regular basis to maintain control over your data.
How to apply
The provided information does not outline a specific application process or a list of participating platforms. To find out how to access this service, you should contact your financial institutions or check with the Financial Services Commission.