See how online bank feeds simplify admin
Get bank data into Xero with bank feeds
Depending on your bank, you can feed transactions into Xero via direct bank feeds. With automated bank feeds, transactions flow directly into Xero from your bank accounts on a regular basis.
Set up feeds from multiple banks
Get feeds from any number of bank accounts
Import up to 12 months of historical data when you first connect
Export bank data for upload into Xero
If your bank doesn’t offer direct bank feeds to Xero, it’s still quick and easy to get your data into Xero. And if you’re importing transactions from a CSV file you can review and amend the file from within Xero before you import.
Export bank data from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload it to Xero
Xero checks for and excludes duplicate transactions
Get an up-to-date financial picture
Once your bank data is in Xero, you can quickly and easily reconcile transactions so you have an accurate, complete and up-to-date picture of the money coming in and going out.
Xero makes intelligent suggestions for matching transactions based on past experience
You can set up bank rules for common transactions
Once transactions are reconciled, the Xero dashboard displays an up-to-date view of your business finances
Keep your data safe and secure
A secure, encrypted connection is used to feed bank transactions into Xero, so your data can’t be read until it’s in Xero. Once in Xero, your data is protected by multiple layers of security.
With bank feeds, transactions are shared only between your bank, Xero, and any other disclosed third party
Xero cannot make payments or move money from your accounts through your bank feed connection
Only people you give access to can see your transactions in Xero
FAQs about bank feeds
One way to see if an automated bank feed exists for your bank, is to sign up for a 30-day free trial of Xero and select Accounting>Bank accounts>Add bank account. Another way is to look up the list of UK banks that offer bank feeds.
Look up the list of UK banks that offer Xero bank feeds
One way to see if an automated bank feed exists for your bank, is to sign up for a 30-day free trial of Xero and select Accounting>Bank accounts>Add bank account. Another way is to look up the list of UK banks that offer bank feeds.
Look up the list of UK banks that offer Xero bank feeds
If your bank or financial institution doesn’t yet offer Xero bank feeds, don’t worry; it's quick and easy to regularly upload a file of your most recent bank transactions instead. Just export them from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload them into Xero in seconds – it takes an average of only 20 seconds to upload one of these files.
See how to manually import bank statements
If your bank or financial institution doesn’t yet offer Xero bank feeds, don’t worry; it's quick and easy to regularly upload a file of your most recent bank transactions instead. Just export them from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload them into Xero in seconds – it takes an average of only 20 seconds to upload one of these files.
See how to manually import bank statements
Simply set up your bank account in Xero, then connect the Xero account to your bank to automatically import transactions. To set up an automated bank feed, your bank needs to be a participating institution and you must be registered for online banking.
See how to add a bank account in Xero
Simply set up your bank account in Xero, then connect the Xero account to your bank to automatically import transactions. To set up an automated bank feed, your bank needs to be a participating institution and you must be registered for online banking.
See how to add a bank account in Xero
Simply set up a direct feed from Stripe, Wise or PayPal to automatically import your most recent transactions into Xero.
Find out more about bank accounts and feeds
Simply set up a direct feed from Stripe, Wise or PayPal to automatically import your most recent transactions into Xero.
Find out more about bank accounts and feeds
If your bank or financial institution doesn’t offer an automated bank feed to send through bank transactions, you can easily export them from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload them into Xero in seconds – it takes an average of only 20 seconds to upload one of these files.
See how to manually import bank statements
If your bank or financial institution doesn’t offer an automated bank feed to send through bank transactions, you can easily export them from your online banking in OFX, QIF, QBO, QFX or CSV format, then upload them into Xero in seconds – it takes an average of only 20 seconds to upload one of these files.
See how to manually import bank statements
With bank transactions showing in Xero regularly, you can reconcile daily on desktop or on the move with Xero accounting app, so you know where your business stands. Categorise each transaction in Xero or simply confirm what Xero suggests.
More about bank reconciliation in Xero
With bank transactions showing in Xero regularly, you can reconcile daily on desktop or on the move with Xero accounting app, so you know where your business stands. Categorise each transaction in Xero or simply confirm what Xero suggests.
More about bank reconciliation in Xero
There’s no limit on the number of bank account connections you can have. Set up as many bank accounts in Xero as you need, and feed in the transactions from any number of banks or financial institutions. You can bring all your accounts together online in one place.
There’s no limit on the number of bank account connections you can have. Set up as many bank accounts in Xero as you need, and feed in the transactions from any number of banks or financial institutions. You can bring all your accounts together online in one place.
When setting up an automated bank feed in Xero, you’ll be given the option to pull historical transaction data from the past 90 days or up to two years, depending on the bank.
When setting up an automated bank feed in Xero, you’ll be given the option to pull historical transaction data from the past 90 days or up to two years, depending on the bank.
Review on Trustpilot, 3 December 2020
Xero is one of the best and easiest accounting systems to use I have seen. Despite not being an accountant, I‘ve been able to set up the system for our cafe/bar business, process VAT, link to our bank, and produce both management and year end reports
Read more reviews on TrustPilot
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Review on Trustpilot, 1 May 2020
Uploaded data from bank accounts, reconciled, and was all set up very quick and easy. System is intuitive.
Read more reviews on TrustPilot
*Aug 2023 survey average across 180 customers
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I am an expert and enthusiast assistant. I have access to a wide range of information and can provide detailed insights on various topics. My responses are based on up-to-date search results, ensuring that the information I provide is accurate and reliable.
Concepts Related to Online Bank Feeds in Xero
The article discusses various concepts related to online bank feeds in Xero, a popular accounting software. Here's a breakdown of the concepts mentioned in the article:
Automated Bank Feeds: Xero allows users to set up automated bank feeds, where transactions flow directly into Xero from their bank accounts on a regular basis. This simplifies the process of importing and reconciling bank transactions.
Setting Up Feeds from Multiple Banks: Users can set up feeds from any number of bank accounts, allowing them to consolidate transactions from multiple banks or financial institutions.
Importing Historical Data: When first connecting a bank account, users can import up to 12 months of historical data into Xero, providing a comprehensive view of their financial transactions.
Exporting Bank Data: If a bank doesn't offer direct bank feeds to Xero, users can export bank data from their online banking in various formats (OFX, QIF, QBO, QFX, or CSV) and then upload it to Xero.
Reconciling Transactions: Once bank data is in Xero, users can quickly and easily reconcile transactions, ensuring an accurate and up-to-date financial picture.
Security Measures: Xero uses a secure, encrypted connection to feed bank transactions into the platform, ensuring the safety and protection of users' data.
Bank Reconciliation: With bank transactions showing in Xero regularly, users can reconcile daily, categorize transactions, and gain a clear understanding of their business finances.
Adding Bank Accounts: Users can set up multiple bank account connections in Xero and feed in transactions from any number of banks or financial institutions.
Historical Transaction Data: When setting up an automated bank feed in Xero, users have the option to pull historical transaction data from the past 90 days or up to two years, depending on the bank.
Manual Import of Bank Statements: If a bank doesn't offer automated bank feeds, users can manually import bank statements into Xero by exporting them from online banking in compatible formats and uploading them into Xero.
User Testimonials: The article includes testimonials from users who have found Xero to be intuitive, quick, and easy to use for managing their business finances.
Free Trial and Support: Xero offers a 30-day free trial with access to all features, safe and secure usage, and 24/7 online support for users.
These concepts cover the key aspects of using online bank feeds in Xero, from setting up feeds and importing data to reconciling transactions and ensuring data security.
I hope this information helps! If you have any further questions or need more details on any specific aspect, feel free to ask.
