Xero has recently announced that some bank feeds are being replaced by new direct bank feeds using Open Banking. These changes will be available over the coming months, but there is some good news for UK customers. Nationwide Building Society and TSB are among some of the banks that are included in these changes which are secure, easy to use and free of charge. You can view the full list of available direct bank feeds here.
To switch to a new feed, you will need your online banking credentials. If you are not registered for online banking, you will need to get set up so you can use the new bank feeds, we can help you with this process.
The changes are easy to apply and should take less than five minutes, but if you do have any questions please feel free to get in touch with your usual accounting solutions contact.