Millennium recently announced that as the first bank in Poland it began to use the new option introduced by the PSD II directive, i.e. the possibility of ordering payment transactions from accounts in other banks. For now, the service has been made available to the first clients using Millennium services and having at the same time an account with PKO BP. In the near future, the new solution will be available to other PKO customers and people with accounts in other institutions. The function is also to appear in the Millennium mobile application.

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How to order a transfer from an account at PKO using Millenet? Select the account that was previously added as part of the Finance 360 ° service and select the option "Domestic transfer" on the back of the tile with this account. After selecting it, a transfer form to fill will appear, in which the customer also agrees. After clicking "Next" the user will be taken to the PKO login page. After logging in and confirming the operation, it will be transferred back to Millenet. Here, all transactions initiated in this way will be visible in the "Initiated payments" section.

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As I mentioned, the possibility of ordering transfers in one bank using the transaction service of another bank is part of the so-called open banking introduced by PSD II. Another element is the ability to provide access to given accounts operated by other banks. Millennium was one of the first institutions in Poland to introduce such a service. Currently in Millenet you can view account balances and transaction history on accounts operated by: Alior, ING, mBank, Pekao, PKO and Santander. ING Bank Śląski also offers account previews from other banks on its website.