Is Open Banking free for donors?

Carmen James - 29th Aug, 2023

Open Banking can be thought of as the underlying digital standard or scheme that powers a whole variety of exciting financial services in the UK and beyond.

Many of these services powered by Open Banking are indeed free, and this includes Wonderful's direct, instant bank payments charity donation service.

When it comes to making a donation through Wonderful, there are no fees or charges whatsoever.

More on Open Banking

Open Banking is an exciting and rapidly growing scheme backed by the UK Government. Its aim is to give consumers more control over their finances, and this includes making it quicker, easier and more secure to make digital payments.

Since 2017, the top UK high street banks have been required to provide Open Banking services to their customers at no additional cost.

Thanks to Open Banking, Wonderful is able to offer fee-free donation processing and fundraising tools to thousands of UK charities.

Open Banking also powers lots of other financial services, including services which allow consumers to securely share their financial data with authorised providers. You can find out more about Open Banking in general by visiting

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Instant bank payments

Featured FAQs

How much will I save?

Our highly predictable, transparent and aggressive fee structure, typically saving merchants more than 90% on transaction fees is a simple, secure alternative to debit and credit cards. It also includes instant settlement.

Enterprise integrations

Wonderful's instant bank payment service can be integrated with your checkout. Our public API will be released shortly. Contact our team to find out how much we can save your enterprise business on transaction processing fees.

Why we don't take cards

We do not take a percentage of funds raised, ask for tips, or do anything that prevents 100% of donations going to the causes that charity supporters are so passionate about. We are inspired and driven by that passion.

Payment security

Payments made through Wonderful are simple, fast and secure. Wonderful is an Authorised Payment Institution regulated by the Financial Conduct Authority and uses Open Banking to facilitate payment initiation.