Set up bank feeds, or import bank data into Xero, and save time

You can get your bank data into Xero from over 21,000 financial institutions globally. Xero customers save 5.5 hours* a week using bank feeds and automated reconciliation.

Features

• **Get bank data into Xero with bank feeds: **Depending on your bank, you can feed transactions into Xero via 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