Bank feeds let you compare your bank account and credit card transactions with the information you have in AccountRight and easily add transactions. Information from your financial institution is sent straight to AccountRight so you can sort out your banking and reconciliations quickly. We support many financial institutions in Australia and New Zealand, including banks, credit unions, building societies, and fund managers, and we're always adding more. Watch the following video for an overview of how bank feeds can help you keep on top of your banking. Ready to go? Learn how to set up bank feeds for your bank and credit card accounts (you'll need an AccountRight subscription). | HTML |
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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| title | How long will it take to process my application? |
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| If your bank allows you to complete the application via your online banking site (like the Commonwealth Bank or ANZ), you could be up and running within 24 hours. Otherwise, you need to allow up to ten business days for your bank to process your request. We'll let you know when you're ready to go. |
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| title | How often will I receive bank feeds? |
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| How often your bank feeds are updated depends on your bank. See the list of supported banks and their feed frequency (Australia | New Zealand). |
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| title | How will bank feeds work if my business uses multiple credit cards associated with a single credit card account? |
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| You'll need to set up a bank feed for the primary credit card number. Banks sometimes call this the "primary account number" or "billing account number". This is because a bank feed can only be associated with a single bank or credit card account. Then when you receive bank feeds for this primary account, the transactions for each of the credit cards will be listed, ready for you to match or allocate. If your business uses this type of credit card arrangement but you've set up the bank feed for one of the other credit card accounts, and not the primary account, you'll need to cancel the bank feed. You can then re-apply for the bank feed for the primary credit card account. |
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