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Open banking: clarity provided for banks over 'opt outs' and revoking consent

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In the scenario where a bank seeks to revoke a specific third party service, the EBA has confirmed that only the customer "has the right to withdraw the consent after it has been provided" and that the bank "cannot revoke the consent".

From Open banking: clarity provided for banks over 'opt outs' and revoking consent.

So if you give the gym permission to access your bank account, you have to go back to the gym to revoke it. 

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