Most rewards schemes only reward you when you use a debit or credit card to make a purchase.
Koin Rewards is not like most reward programmes.
We want you to be able to earn rewards no matter how you pay for your purchase of ethical, responsible and sustainable products, whether that be by card or by direct debit or standing order.
As more and more businesses offer subscription services, which often require a debit debit, you can be rewarded for these purchases by connecting your bank account(s) to your Koin Rewards app.
To do this, we use technology provided by Truelayer, an FCA authorised business that provides secure access to your bank account using Open Banking technology.
You can connect as many bank accounts as you want in the 'Vault' area of the Koin Rewards app and to make sure you are still happy to share this access, we will request your continued consent every 90 days.
What is Open Banking?
Taken from the Open Banking website: https://www.openbanking.org.uk/
Open Banking is the secure way to give companies access to your financial information.
It opens the way to new products and services that could help customers get a better deal.
Get ready for a world of apps and websites, where you can choose new products and services from providers regulated by the Financial Conduct Authority (FCA) and European equivalents.
For more information on Open Banking, take a look here: https://www.openbanking.org.uk/customers/what-is-open-banking/