Simplify Bookkeeping in Xero with Bank Feeds and Bank Rules

If the rule is universally applicable, choose to run the rule on all accounts or select which bank account to run it on. Enter your bank name in the search field (1) and then click on the bank name (2). If you work with a smaller, regional bank or prefer to upload data on your own (less common), choose to add your bank without a bank feed (3).

See how online bank feeds simplify admin

It can take up to 10 days for a bank feed to be connected, depending on how the feed is set up between Xero and the bank. The feed will only be connected once the bank activates it, and transactions will start importing into Xero the day after the feed is activated. Bank feeds are generally included as part of your Xero subscription at no additional cost. I have finally been able to get bank feeds after trying a number of things. However, it is only from now and doesn’t show the last few months transactions that I am missing. I assume I need to manually import them but not sure how to do this and reconcile the transactions.

How to add bank feeds to an existing bank account in Xero

No – Xero is based in the cloud, so all you need is an internet connection. But you need a multi-factor authentication (MFA) app to log in to Xero. MFA adds an extra layer of security by checking that it’s really you when you log in. Choose to categorise each transaction in Xero yourself, or just confirm what Xero suggests.

If your bank doesn’t offer bank feeds, it’s still quick and easy to get your data into Xero. Creating bank rules in Xero doesn’t just save you time—it gives you consistency, clarity, and confidence in your financial reporting. Whether you’re managing recurring transactions or complex allocations, these rules can take the heavy lifting out of your daily bookkeeping. Once connected, it may take 1–2 business days for transactions to start importing.

Accounting software

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. Both Xero and Westpac want to improve the process for every customer. This means not only making it more efficient but also making it more secure. Once a customer has entered their Xero details into Westpac Live, they’ll begin receiving bank statement transactions the following day. Setting up Bank Feeds will not import your transaction history.

Accounting Software Under $40 Best For Startup Businesses

Please offer PGP encryption for secure email submission so only the intended recipient can view the sensitive information in a filled form. If you set up your Bank Feeds with an application form, Bank Feeds will be available in up to 10 working days. If you want your Bank Feeds to start at a future date, please include this date on your form.

You need to include the BSB and account numbers for each account that you wish to set up in Xero. Please ensure your signature has been uploaded to NAB so the form application can be processed. Download and complete the application form that can be found on the Xero help page.

• Xero’s accounting software has flexible plans so you can adjust your subscriptions to access the features you need as your business grows.
• I am in Sydney and would like a call at 11am on Wed 10th if possible, thank you.
• Xero has direct bank feeds to a range of banks and financial institutions.
• If your bank doesn’t offer bank feeds, it’s still quick and easy to get your data into Xero.
• There is no excuse or genuine reason why bank feeds to personal credit cards cannot be facilitated and Xero should be stronger in their dealings with this serial offender.

Xero’s accounting software has flexible plans so you can adjust your subscriptions to access the features you need as your business grows. Choose to categorize each transaction in Xero yourself, or just confirm what Xero suggests. Bank feeds can give you time back by importing transactions for you. It’s one less task on your to-do list, and because transactions come directly from your bank, you can be sure they’re accurate. Connecting your bank account is a safe way to get data into Xero. Encrypted connections protect your data while it’s on its way to Xero.

Have you set the credit card up as a bank account before trying to connect? I’m not sure if you’ve seen our help page on this, but it has the steps required on there. Does Xero have plans to have direct Bank Feeds with Suncorp bank? At present, you need to use the Suncorp banking token to manually load each day’s feeds (rather than them happening automatically like NAB, Rabobank etc.).

Yes, you can connect your Xero account with HMRC to more easily prepare and submit your returns so you never miss a deadline. HMRC recognises Xero’s software, which is also compliant with Making Tax Digital (MTD). A new plan, specifically for non VAT businesses, with features designed for sole traders and landlords. Yes – Xero partners with Gusto for a full-service payroll solution. Gusto saves you time on all aspects of your payroll – including calculating employee pay and deductions – thanks to its clever automations. All pricing plans cover the accounting essentials, with room to grow.

Connect bank feeds in Xero for better bookkeeping

I have asked previously and got told that it depends on the bank that the customer is with as to the process that is used. set up your xero bank feeds I am wanting to get a client to do bank feeds but I haven’t been able to work out how I am to notify them of the procedure to get this implemented. The tutorials that you have in XEROU is based on the old method. Bank feeds are secure, automated connections between your bank and Xero. Each day, your transactions flow straight into Xero without you having to lift a finger (or download a single CSV file). No more digging through statements or manually entering payments.

• Creating bank rules in Xero doesn’t just save you time—it gives you consistency, clarity, and confidence in your financial reporting.
• Connect your feeds to your Xero organisation and inputted bank accounts.
• Yes – Xero partners with Gusto for a full-service payroll solution.
• With automated bank feeds, transactions flow directly into Xero from your bank accounts on a regular basis.

I just ended up deleting my duplicate credit card transactions. I did find out through ANZ if you have a credit card account with duplicate business cards they feed ALL transactions into the one card. I am in Sydney and would like a call at 11am on Wed 10th if possible, thank you. I can offer a suggestion with your bank rules at least – rather than set up new rules, amend item 6 “Target a Bank Account” in your existing rules. So the rule will apply to in any of your bank accounts – even when you start new feeds.

But you can contact your Xero accountant about importing a bank statement. If you set up your Bank Feeds in NAB Internet Banking, your feeds will start on the next working day, and be available in your Xero Accounting Package before 8.30am. Xero pulls in your transaction data so you don’t need to upload bank statements. Transactions flow securely straight into Xero each business day. Yes that’s correct, this process is only for new bank feeds that you connect to Xero. You don’t need to do anything if your bank feeds are already set up.