Import bank statement lines via the API
Be able to import bank statement lines into a bank account in Xero. This would be useful for custom bank accounts or banks that do not have a direct feed into Xero
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lucas shao commented
This feature is so useful! I have had enough of manually importing bank statements, which is time-consuming and laborious. Please launch this function as soon as possible. Thank you!
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Mark Francis Beltran commented
A thousand times Yes, please! This is critical for my client who receives bulk payments. Even with batch reconciliation as a feature in Xero, it is still a nightmare to split payments, This will help with this.
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Dennis Eagles commented
absolutely critical functionality, and somewhat embarrassing to Xero that this basic process is restricted to 'Financial Institution Partners' who can use the Bank Feed API.
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Steve Venton commented
This thread has been open since 2010. My bank is in Africa and it does not have a Bank feed. Therefore I have to employ someone to *manually* import bank statements. This is prone to error AND it is a security risk because they see how much everyone else in the company is paid. We must automate this task. Please implement it urgently.
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Miguel Garcia commented
For anybody that has a bank account without feed, without this you'll need to manually import the statements daily for the Accounting Team to work. Being able to simply upload via API would be really helpful
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Simon Frost commented
It blows my mind that this has been requested for so many years and has thousands of votes, but you're still restricting it just to financial institutions. Why? What's the logic there? What difference does it make to Xero if we are able to use this one particular API?
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Paul C commented
Xero, can you at least provide a rough timescale for this please? Your customers have their own software development to plan out so it helps a lot to know when to expect features like this!
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Ádám Kovács commented
Please add this ASAP
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Matias commented
I created https://bankfeedapi.com to address this. It's in beta and free to join right now. Hope it helps 🤩
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Alvaro Aguilar Artinano commented
Please add this ASAP. Key feature.
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Abhay commented
Please add this ASAP. Key feature.
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Steve commented
please add this feature
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Yulian Koval commented
Critical need
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Julià Pujol commented
This is absolutely ridiculous. Get access to developers now - this is a key feature - can't believe it.
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Jonas Lauber commented
What ?!? How can such an important feature not be implemented ?!? This just doesn't make any sens. I'll be looking for another tool then.
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Chris Macneill commented
I've been asking for this for 5 years, yet in that time the oh so overworked Xero developers have managed to implement all sorts of GUI tweaks that I DON'T need, but can't seem to find time to make available the features I and many, many others are literally screaming for.
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Jan Troler commented
Same use case as Santi Azpilicueta, just critical:
The plain use for this feed is custom bank accounts, such as Merchant accounts that are not Stripe.
The chances of each the myriad individual merchant account (that is not Stripe) to ever get to integrate with Xero are very low... Please open the API for bank statements!
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Santi Azpilicueta commented
The plain use for this feed is custom bank accounts, such as Merchant accounts that are not Stripe.
The chances of each the myriad individual merchant account (that is not Stripe) to ever get to integrate with Xero are very low... Please open the API for bank statements!
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Aaron Angel commented
"Instead of Xero building a feed for each individual bank – a process that could take months per bank – financial institutions will be able to build to Xero’s API as quickly as in a few days."
I don't know why Xero thinks banks are going to cater to Xero users with custom applications; they aren't. Banks are looking for ease of maintenance and broad appeal. Maintaining code to integrate with multiple niche third-party products serves neither of those purposes.
Most importantly, Xero should ditch Yodlee. Xero talks about security in updates to this suggestion, but what the security of giving your banking password to a third-party? Yodlee is a web-scrapper, and their product is brittle. I have lost count of the number of times their product has broken. I have also lost count of the number of times their developers, completely oblivious to the fact that humans need sleep, have twiddled around with my account, triggering MFA calls back to back to back in the middle of the night. They've even persisted after I changed my password to the point that they locked me out of my banking account. Their product still periodically breaks. Why does Xero still do business with such a company?
Xero would do better to join some open banking efforts and support existing work being done in this area. Telling users banks can "build to Xero" is like saying water can flow upward. Sure, it could happen. Will it solve the present problem? No.
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Edward commented
I developed an automated bank statement importer for a client (as many suggested in this thread) and I'm building an API on top of it, in the hopes it helps others. If you are interested in using it, let me know 👉 https://forms.gle/yndBZfc56cZgYuSp7