Products
© Fiskil 2026. All rights reserved.
Neobanks
Account Switching
Switching bank accounts is painful, preventing customers from moving to better banking options. Fiskil automates the switching process by identifying all recurring payments and generating transfer instructions.
Customers stick with unsuitable banks because switching is too complex and time-consuming.
Must manually identify all direct debits and recurring payments
Risk of missed payments during switching
Time-consuming to update all payment methods
Fear of breaking something during the switch
No clear checklist of what needs to change
Automatically identify all direct debits, recurring payments, and payees that need updating when switching accounts.
Automatically identify all active direct debits from transaction history.
Detect all recurring payments including subscriptions and bills.
Generate instructions for updating payment details with each payee.
Provide complete checklist of all accounts and payments to update.
Add account switching assistance to your neobank onboarding.
Customer connects their current bank account they want to switch from.
API analyzes 6-12 months of transactions to identify recurring payments and direct debits.
System creates personalized switching checklist with all payees and payment methods to update.
Customer checks off items as they update, with reminders for incomplete actions.
Identify direct debits, standing orders, recurring card payments, and regular bill payments.
Provide contact details for each payee to facilitate account updates.
Show payment history and amounts for each recurring payment.
Rank payments by importance (rent, utilities) vs optional (subscriptions).
Recommended timeline for completing the switch without missing payments.
Track completion status of each switching task.
A neobank offers switching service to attract customers from traditional banks.
Result: 65% of new customers use switching service, increasing retention by 40%.
A digital bank helps business customers switch accounts seamlessly.
Result: Business account switching time reduced from 6 weeks to 2 weeks.
A comparison site offers switching service to customers who find better deals.
Result: Switching completion rate of 78% vs 35% without automated assistance.
POST /account-switching/analyzeGET /accounts/{accountId}/recurring-paymentsGET /account-switching/checklistPOST /account-switching/track-progressDirect debits
Recurring payments
Payee information
Payment frequencies
Payment amounts
Switching checklist
OAuth 2.0 / CDR consent
Yes
Direct debits, standing orders, recurring card payments, subscriptions, and regular bill payments.
Detection accuracy is typically 90-95% for recurring payments. Irregular payments may be flagged for user review.
Currently provides instructions and contact details. Direct payment updating requires integration with each payee.
We recommend 30-60 days overlap to ensure all recurring payments are captured and updated.
System flags payments that occur less frequently (quarterly, annually) for user attention.
Yes, especially valuable for business accounts with many supplier payments and direct debits.
Yes, all data access requires CDR consent and is used only for switching assistance.
Fintech
Enable users to connect and view all their bank accounts in one place. Fiskil's account aggregation API provides real-time access to accounts, balances, and transactions from 100+ Australian banks.
Fintech
Automatically categorize bank transactions into spending categories with Fiskil's intelligent categorization engine. Turn raw transaction data into actionable insights.
Neobanks
Onboard customers instantly using banking data verification. Verify identity, income, and account ownership in seconds instead of days.
Join hundreds of companies using Fiskil to power their neobanks applications. Get started today with our developer-friendly API.
Products
© Fiskil 2026. All rights reserved.