Open banking in Australia kicked off in 2020, with a phased rollout covering products including transaction accounts, term deposits, credit cards, loans, mortgages, trade finance, and lines of credit. 1 July 2020: Open banking starts for major banks with the inclusion of Phase 1 products, such as credit cards, transaction accounts, term deposits for major banks. 1 November 2020: Launch of open banking with major banks for Phase 2 products, including a limited range of credit products such as mortgages. 1 February 2021: The final phase of the rollout for major banks. March 2021: Reciprocal Data Holders are included in the Phase 1 rollout. 1 July 2021: Non-major Authorised Depository Institutions (ADIs) are included in the Phase 1 rollout. Reciprocal Data Holders launch their open banking phase 2 & 3 stages. 1 November 2021: Non-major ADIs roll out Phase 2. 1 February 2022. Launch of open banking with non-major ADIs for products such as business and investment accounts. Phase 1: Savings accounts, call accounts, term deposits, current accounts, cheque accounts, debit card accounts, transaction accounts, personal basis accounts, GST or tax accounts, personal credit or charge card accounts and business credit or charge card accounts. Phase 2: Residential home loans, investment property loans, mortgage offset accounts and personal loans. Phase 3: Overdrafts (personal and business), business finance, investment loans, lines of credit (personal and business), asset finance, cash management accounts, farm management accounts, pensioner deeming accounts, retirement savings accounts, trust accounts, foreign currency accounts and consumer leases.