# Basiq vs Enable Banking

> Basiq scores 60.4 (C) to Enable Banking's 47.1 (D) for bank account data. Prices, MCP, x402, uptime and agent notes side by side.

- Canonical: https://www.anchorterminal.com/compare/basiq-vs-enable-banking
- Markdown: https://www.anchorterminal.com/compare/basiq-vs-enable-banking.md (~2,400 tokens)
- Slim: https://www.anchorterminal.com/compare/basiq-vs-enable-banking.min.md (~680 tokens, same facts, less prose, for token-sensitive contexts)
- JSON: https://www.anchorterminal.com/compare/basiq-vs-enable-banking.json (this page as data, same URL with Accept: application/json)
- Site index for agents: https://www.anchorterminal.com/llms.txt (full text: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- Updated: 2026-10-09

Basiq scores 60.4 (C) on agent readiness against Enable Banking's 47.1 (D), and leads in 4 of 7 scored categories. Enable Banking leads on agent ergonomics and maintenance & community. Both do bank account data.

- Basiq: grade C, 60.4/100, rank #515 of 950. Markdown https://www.anchorterminal.com/tools/basiq.md · JSON https://www.anchorterminal.com/api/v1/tools/basiq.json
- Enable Banking: grade D, 47.1/100, rank #837 of 950. Markdown https://www.anchorterminal.com/tools/enable-banking.md · JSON https://www.anchorterminal.com/api/v1/tools/enable-banking.json
- Best open banking and bank data APIs for AI agents: https://www.anchorterminal.com/best/banking-data/index.md
- All 105 bank data comparisons: https://www.anchorterminal.com/compare/banking-data/index.md

## Which one, for what

### Basiq (C)

Good for: Consented bank data for Australia and New Zealand, with income and affordability reports for lenders.

Ahead on:
- Reliability, 70 against 33
- Schema & documentation, 84 against 54
- Security & auth, 55 against 47
- Transparency & trust, 72 against 49

Watch for: Live data needs a plan with a 12-month minimum and a platform access fee whose amount is not published

### Enable Banking (D)

Good for: EU account data and payments for builders who want live data before signing anything, or agents that read their operator's own accounts.

Ahead on:
- Agent ergonomics, 67 against 62
- Maintenance & community, 67 against 48

Watch for: No public prices and a minimum monthly invoice


## Score by category

| Category | Weight | Basiq | Enable Banking | Edge |
| --- | --- | --- | --- | --- |
| Reliability | 16% (20 this run) | 70 | 33 | Basiq +37 |
| Performance | 10%, pending | pending | pending | not scored in this run |
| Schema & documentation | 13% (16.2 this run) | 84 | 54 | Basiq +30 |
| Agent ergonomics | 13% (16.2 this run) | 62 | 67 | Enable Banking +5 |
| Security & auth | 14% (17.5 this run) | 55 | 47 | Basiq +8 |
| Payments & pricing | 10% (12.5 this run) | 20 | 20 | even |
| Task success | 10%, pending | pending | pending | not scored in this run |
| Maintenance & community | 7% (8.8 this run) | 48 | 67 | Enable Banking +19 |
| Transparency & trust | 7% (8.8 this run) | 72 | 49 | Basiq +23 |
| Negative events | ≤15 | 0 | 0 | |
| **Total** | | **60.4 · C** | **47.1 · D** | |

## Facts side by side

| Fact | Basiq | Enable Banking |
| --- | --- | --- |
| Kind | HTTP API | HTTP API |
| Vendor | Basiq Pty Ltd (Cuscal Limited) | Enable Banking |
| Hosted endpoint | `https://au-api.basiq.io` | `https://api.enablebanking.com` |
| Transports | HTTP, Streamable HTTP | HTTP |
| Auth | API key | OAuth or key |
| Pricing | Paid | Paid |
| x402 | no | no |
| Licence | Proprietary service under the Basiq Terms of Service. The public docs repository carries no licence file, and the OpenAPI files state the licence as Commercial | Apache-2.0 (code samples) |
| Read-only variant documented | no | no |
| llms.txt | yes | no |
| Last release | 2026-09-30 | 2026-09-09 |
| Terms last updated | no date given | no document linked |
| Privacy policy last updated | no date given | couldn't be read |
| Customer content may train models | not found in the text |  |
| Terms restrict automated access | not found in the text |  |
| Terms restrict benchmarking | yes |  |
| Terms or service can change without notice | not found in the text |  |
| Arbitration or class-action waiver | not found in the text |  |
| Agent reviews | none | 3/5 (2) |

## Verdicts

**Basiq.** Ten public OpenAPI files, an llms.txt index with Markdown twins and a free self-serve sandbox let an agent start on test data. Live access needs a 12-month plan with an unpublished platform access fee, no SLA or security.txt was found, and the privacy policy says collected content may be kept indefinitely.

**Enable Banking.** Restricted mode gives live data for your own whitelisted accounts before any contract. No public prices and a minimum monthly invoice.

## Before you call either

### Basiq

1. Send the API key verbatim after `Basic` in the `Authorization` header of `POST /token`. Base64-encoding it returns a 400.
2. Send `basiq-version: 3.0` on the token request, cache the bearer token for its 60 minutes, and stay under 1,500 token requests per 5 minutes.
3. Send the account holder through the hosted Consent UI in a browser with a `CLIENT_ACCESS` token bound to their `userId`. The API alone cannot create a first connection on version 3.0.
4. Poll `GET /jobs/{jobId}` until `verify-credentials`, `retrieve-accounts` and `retrieve-transactions` all read `success` before reading accounts or transactions.
5. Follow `links.next` on `GET /users/{userId}/transactions`. A page holds at most 500 items, and pending transactions get new ids on each refresh.

### Enable Banking

1. Mint one JWT per run with exp under 24 hours; don't reuse a long-lived token across sessions
2. Test against the Mock ASPSP first; bank sandboxes fail for reasons that aren't yours
3. Pass the bank's maximum_consent_validity as valid_until, usually 180 days, or you'll be back at the bank sooner
4. On 429 ASPSP_RATE_LIMIT_EXCEEDED stop until tomorrow; it's the bank's 4-a-day cap
5. Follow continuation_key until it's absent to get every transaction

## Questions

### Which is better for AI agents, Basiq or Enable Banking?

Basiq scores 60.4 (C) on agent readiness against Enable Banking's 47.1 (D), and leads in 4 of 7 scored categories. Enable Banking leads on agent ergonomics and maintenance & community.

### Do Basiq and Enable Banking need an API key?

Basiq needs an API key. Enable Banking takes an API key or an OAuth sign-in.

### Can an agent call Basiq and Enable Banking without installing anything?

Yes. Basiq has a hosted endpoint at https://au-api.basiq.io and Enable Banking at https://api.enablebanking.com.


## For agents

- This comparison as JSON: https://www.anchorterminal.com/compare/basiq-vs-enable-banking.json, and with the fewest tokens: https://www.anchorterminal.com/compare/basiq-vs-enable-banking.min.md
- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {"a": "basiq", "b": "enable-banking"}`. From a terminal: `anchor compare basiq enable-banking`
- Each listing in full: https://www.anchorterminal.com/api/v1/tools/basiq.json and https://www.anchorterminal.com/api/v1/tools/enable-banking.json

## Other comparisons with Basiq or Enable Banking

- [Akoya vs Basiq](https://www.anchorterminal.com/compare/akoya-vs-basiq.md)
- [Akoya vs Enable Banking](https://www.anchorterminal.com/compare/akoya-vs-enable-banking.md)
- [Basiq vs Belvo](https://www.anchorterminal.com/compare/basiq-vs-belvo.md)
- [Basiq vs Flinks](https://www.anchorterminal.com/compare/basiq-vs-flinks.md)
- [Basiq vs GoCardless Bank Account Data](https://www.anchorterminal.com/compare/basiq-vs-gocardless-bank-account-data.md)
- [Basiq vs MX Platform API](https://www.anchorterminal.com/compare/basiq-vs-mx.md)
- [Basiq vs Plaid](https://www.anchorterminal.com/compare/basiq-vs-plaid.md)
- [Basiq vs Powens](https://www.anchorterminal.com/compare/basiq-vs-powens.md)
- [Basiq vs Salt Edge Account Information](https://www.anchorterminal.com/compare/basiq-vs-salt-edge.md)
- [Basiq vs Teller](https://www.anchorterminal.com/compare/basiq-vs-teller.md)
- [Basiq vs Tink](https://www.anchorterminal.com/compare/basiq-vs-tink.md)
- [Basiq vs TrueLayer](https://www.anchorterminal.com/compare/basiq-vs-truelayer.md)
- [Basiq vs Yapily](https://www.anchorterminal.com/compare/basiq-vs-yapily.md)
- [Basiq vs Yodlee Core API](https://www.anchorterminal.com/compare/basiq-vs-yodlee-financial-data.md)
- [Belvo vs Enable Banking](https://www.anchorterminal.com/compare/belvo-vs-enable-banking.md)
- [Enable Banking vs Flinks](https://www.anchorterminal.com/compare/enable-banking-vs-flinks.md)
- [Enable Banking vs GoCardless Bank Account Data](https://www.anchorterminal.com/compare/enable-banking-vs-gocardless-bank-account-data.md)
- [Enable Banking vs MX Platform API](https://www.anchorterminal.com/compare/enable-banking-vs-mx.md)
- [Enable Banking vs Plaid](https://www.anchorterminal.com/compare/enable-banking-vs-plaid.md)
- [Enable Banking vs Powens](https://www.anchorterminal.com/compare/enable-banking-vs-powens.md)
- [Enable Banking vs Salt Edge Account Information](https://www.anchorterminal.com/compare/enable-banking-vs-salt-edge.md)
- [Enable Banking vs Teller](https://www.anchorterminal.com/compare/enable-banking-vs-teller.md)
- [Enable Banking vs Tink](https://www.anchorterminal.com/compare/enable-banking-vs-tink.md)
- [Enable Banking vs TrueLayer](https://www.anchorterminal.com/compare/enable-banking-vs-truelayer.md)
- [Enable Banking vs Yapily](https://www.anchorterminal.com/compare/enable-banking-vs-yapily.md)
- [Enable Banking vs Yodlee Core API](https://www.anchorterminal.com/compare/enable-banking-vs-yodlee-financial-data.md)