23 December
By Victoria Wainwright
Categories: Business/Industry News

Possible disruption to Xero bank feeds

If your business has an existing bank feed connected in Xero, it may be affected by new EU requirements which came into effect 14th September 2019, which changes the way some clients connect their bank to Xero due to open banking.

Open banking is the UK’s regulatory response to new EU banking industry standards and the transition to open banking enabled direct bank feeds on Xero is causing issues for some of our clients at present. This is due to the re-connection process or the time lapse between the old connection ending and the new one starting.

If you are experiencing issues with your bank feed at the present time, please do not hesitate to contact our team of Xero certified experts who will be more than happy to help.