ANZ Australia bank feeds are getting an upgrade

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Over eight years ago, ANZ and Xero first partnered together to provide bank feeds for small businesses in Australia. At the time, ANZ was just the second bank to provide daily automated bank feeds through Xero in the country. The move was a major step in allowing small businesses and their advisors to see complete up-to-date picture of our cash flow and business finances on the Xero dashboard.

Now, ANZ will release a new way to apply for direct bank feeds to help small businesses ditch the paperwork.

With direct bank feeds, bank transactions flow seamlessly into Xero, reducing manual admin work and the risk of data entry errors. Bank feeds make daily reconciliation a reality and allow businesses to see their true financial position each business day.

Working on the same data, accountants and bookkeepers can forecast, plan, and help businesses remain financially stable and viable. Once bank transactions are in Xero, it’s easy to keep track of the money coming in and going out of a business.

Working with banks to work with you

We recognise that connecting small businesses to their banks is vital to enabling solutions for their business. Xero has an important part to play in providing leading technology to reduce paperwork and red tape.

That’s why we strive to work closely with different institutions to improve banking processes for small businesses and their accountants even further. This means not only making it more efficient but also making it more secure.

Changes to the way ANZ customers can apply for bank feeds through Xero will take effect from the 6th September. For further updates head to our bank feeds information page or the help centre.

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