This article describes how to connect an online banking account to a KashFlow bank account.
Open Banking; Important Information
- New EU requirements for the banking industry are coming into effect on 14th September 2019.
- This will affect all of KashFlow’s UK Banks connected via Yodlee.
As a result, starting from the 12th September, some bank feeds will be unavailable.
For further details please see:
To start, go to Bank, then click the Bank Feeds button next to the account you want to link. You will be prompted to read and accept the ‘Terms and Conditions’ of the bank feeds service. It is important that you read these details in full. When ready, click Next.
Find My Bank
Once you’ve accepted the T&Cs, you will be taken to the Find your Bank screen. Using the search box at the top, enter in the name of your bank and click Search. An important note is that the bank account selected must be in the home currency of the KashFlow account. For example, you cannot link a USD account to a GBP KashFlow bank account.
From the grid displayed, find your bank and click the Select button to select it.
The next step is to enter in your online banking login details. The fields here are dependant on your bank, but typically it requires a username, password and a secondary memorable word or password.
Enter in these details and click the Login button to proceed. A secure encrypted connection will then be established with your bank.
Depending on your bank, you may then be asked for a secondary login question – this is known as multi-factor authentication and we highly recommend that if your bank offers such a service you enable it. Multi-factor authentication offers additional security and ensures that only you can access your account – e.g. some banks send an SMS with a code that must be entered before login.
The details will be verified with your bank, if they are incorrect you will be asked to try again. If successful, you will be taken to the next step.
As your online banking may contain several different accounts, you will be asked to select an account to link with your KashFlow account.
Select the account you want to link by clicking on the Select button.
You have now successfully linked the online banking account to the KashFlow bank account.
PLEASE NOTE: In most cases, you are only able to import transactions going back 3 months. Some banks restrict this further to only a single month. If you wish to import transactions prior to the period you would need to do this by importing the data via a CSV file.