Connecting your bank account to Xero allows transactions to be imported automatically, saving time and improving accuracy.
To get started, ensure you're registered for online banking. Then check if a direct bank feed is available for your bank and account type. If not, Xero may offer a Yodlee feed, which securely connects to thousands of banks and imports transactions on your behalf.
Once connected, transactions will automatically appear in Xero, ready for reconciliation. Xero uses secure, read-only connections and cannot move funds from your account.
Steps to Connect Your Bank Account:
- Go to Accounting > Bank accounts.
- Click Add Bank Account.
- Search for your bank.
- If your bank doesn’t appear, double-check the spelling or try another country.
- If still not listed, select Add without bank feed to manually upload bank statements.
- Click Login & Connect Accounts.
- Enter your credentials and complete any required authentication.
- Select the account(s) to share with Xero and complete the step needed before returning to Xero.
- Match your Xero accounts to your bank accounts.
- Set the date you'd like Xero to start importing transactions.
- Click Finish to complete the setup.
Disclaimer:
Please note that students are not encouraged to register or connect real bank accounts for practice purposes. All practice activities should be done within the Xero Demo Company only, where no live data or real financial information is involved.
Practicing in a real Xero organization should only be done when working with actual business data under proper supervision or after course completion.
Need more help? Feel free to contact our Support Team (tutor@thecareeracademy.com) we’re here for you.