Xero and Yodlee

We’re delighted to announce Xero has entered into an agreement with US based Yodlee, Inc. – the world leader in online and mobile personal finance management (PFM) and payments solutions.

Yodlee’s Software Development Kit will be used to extend automated daily bank account feeds for Xero small business customers, increasing our customer account access to more than 11,000 financial institutions and account sources globally. 

As you know Xero already has automated daily bank feeds with the NAB, ANZ and Commonwealth Bank in Australia, all the major New Zealand banks and with HSBC in the UK. The agreement with Yodlee extends the availability of daily account feeds in Australia, the UK and other key regions such as North America.

“Extending the availability for our customers to access their financial information at thousands of additional financial institutions further reinforces Xero’s commitment to being the leading online accounting solution, says Xero CEO Rod Drury. We’ve chosen Yodlee based on their proven technology and industry practice as the prime channel to deliver bank data that is both scalable and secure.”

We’ll be making this fully integrated service available to Xero Business customers by mid 2010.


Michael S
September 3, 2010 at 1:47 pm

How about TD Bank, Chase or HSBC in the US? Thanks!!!

September 24, 2010 at 5:28 am

What is the latest on this integration? Would love to get my Canadian TD accounts in sync. Any better timeframe available??

November 11, 2010 at 3:47 pm

Helllooooooo?? Would love to hear as per above….

Alastair Grigg
November 11, 2010 at 4:46 pm

Hi Jason,
Sorry, for some reason we didn’t get an alert from your earlier comment made on this blog post. TD Bank (Canada) requires multi-factor authentication (MFA) for Internet Banking. So unfortunately these accounts won’t be available through Yodlee until we release support for MFA, which is still planed for sometime in Q1 2011. Prior to that we will be continuing to extend the availability of automated feeds for UK, US and Canadian banks that don’t require MFA – more updates on these dates very shortly.

February 1, 2011 at 9:23 am

Hi, any update on TD Canada Trust integration? Waiting patiently for this.

February 3, 2011 at 8:40 am

I can’t get the feed for Vanguard (www.vanguar.com) to activate. I can log onto my account at the Vanguard page.It’s my understanding that Mint.Com uses Yodlee and I have the Vanguard feed working well in Mint. Why can’t I get my Vanguard account to activate in Xero?

Alastair Grigg
February 3, 2011 at 5:02 pm

@Jon, Thanks for your feedback and email to Xero support. We have investigated and can’t see any issues with connecting to Vanguard Bank from our side, but have asked Yodlee to also look into this. We’ll update you via email as soon as we know more.

February 4, 2011 at 3:20 am

Many many thanks Al. Just to be clear, I am using the Vanguard bank that is at http://www.vanguard.com. This is a very large and well known financial institution in the US.

Dave Bell
February 25, 2011 at 4:03 am

Seems to be alot of confusion here with what UK banks are supported.

Live feeds have enough benefits to warrant a change of bank and so before we move from Barclays, can anyone tell me if there are any other BUSINESS accounts in the UK with any other bank (apart from the HSBC direct feed) that is supported?

After speaking with Xero support and checking banks in the Xero admin, it seems to be that only personal accounts are supported.

Reason being, all UK Business accounts from every bank require some form of token or card reader authentication – which makes the live feed impossible.

Can anyone tell me otherwise or report a bank I can move to?

March 16, 2011 at 7:05 pm

Any ETA on canadian banks? Though this was promised for mid 2010, it doesn’t seem that it’s actually been rolled out for the promised 30-major canadian banks. Royal Bank was mentioned above and is still not working…

Any info would be greatly appreciated.

Alastair Grigg
March 16, 2011 at 8:32 pm

@bryce Because of the large number of banks and account types involved and more been added all the time we don’t publish a bank list. The quickest way to check is to login to Xero and add a bank account for the bank(s) you are interested in to see if feeds are available. Bank of Queensland and Suncorp (Everyday Banking) bank accounts are both available.

@Niki There are 7 more major Canadian banks, including Royal Bank (RBC Financial Group), to be added once we release support for these and other banks globally that require Multi Factor Authentication (MFA) to access their Internet Banking sites. Sorry for the delays with this, the last phase of the Yodlee integration project, but we’re now looking to release MFA support in May.

March 17, 2011 at 9:10 am

Do you have news about the Swiss Postfinance integration? I’m interested in testing Xero but without this integration it will be a big effort :-)

Alastair Grigg
March 18, 2011 at 5:53 am

Hi Pierre, Yodlee doesn’t provide feeds for Swiss PostFinance accounts and we are not aware of any plans for this to be added yet. Unfortunately we do not have enough customers with Swiss PostFinance accounts to raise the priority of this with Yodlee, but we’ll continue to track the demand for feeds from this and other major European financial institutions.

Agustin M.
April 7, 2011 at 7:46 pm


I think you are underestimating the interest with Swiss Post Finance bank feeds.

Our group has three different companies that would depend on Swiss PostFinance.
Not to mention clients of ours that need a book keeping solution but don’t use it because of the lack of Swiss bank feeds.

I understand that the demand looks low but I can assure you that the demand will increase. (We have 3 requests above and another 3 with us.)

The only problem is where the data is physically stored. Swiss companies and Swiss financial institutions would prefer not to ship the data around the world and particularly to the US.

Perhaps hosting the servers in a secure jurisdiction like Switzerland would actually enhance the value proposition of Xero as well.

But despite that point, I think you may want to reconsider the lack of priority on this task.


Alastair Grigg
April 8, 2011 at 11:13 am

Hi Agustin, Thanks for the further feedback and great to see the interest you and others in Switzerland have in Xero. Unfortunately the priority given to establishing new bank feeds sources sits with Yodlee based on the demand they are seeing from across all their customers, but we will certainly pass on the interest in Swiss Post Finance being added their service. Regarding data storage location, the US provides an ideal location from which to host a global service and spread any network latency as evenly as possible between all customers. We are very mindful of data security concerns but are confident that we met or exceed all the requirements for data privacy and protection whilst maintaining an optimal solution from a technical hosting and operational perspective.

Agustin M.
April 14, 2011 at 8:10 pm

Thanks for your comments.

There are disruptive policies in this regard as to where data can be stored as far as I know. I think placing banking data access channels with a US based company means that you are subject to Patriot Act rules which means that despite any “legal firewalls” the US government in all their brilliant glory, has rights over all the data.

That is one key reason that banks from other nations should be wary of hooking up to yodlee. It is likely why PostFinance and other Swiss institutions are not allowed to use services like that.

As a point of reference, it is my acute understanding that the IT networks in Switzerland are much more efficient than you might assume.
And for sensitive data that Xero customers like yours are storing, a jurisdiction like Switzerland would be a better, easier to operate from.

You might consider talking to your legal team about this too.

We have lots of customers that have realized this and have started to move their system to Switzerland because they have a clear policy on data security and privacy.

Anyway… despite all that, we love your product and use it with smiles.


Alastair Grigg
April 16, 2011 at 11:29 am

Hi Agustin, we don’t doubt the quality of Internet connectivity in Switzerland. However, hosting in the US represents the most central point in our worldwide customer base, especially from a global Internet traffic routing perspective, so any network latency is more evenly spread across all customers.

Yes, hosting Xero from the US does mean that customer data would have to be made available under the US Patriot Act if that business was suspected of supporting terrorism in any way. If a business has concerns about its activities from this perspective then we expect that they would choose not to use Xero and nor would we want them to!

Some countries also have regulations about where banks can store and process banking data and these may restrict their ability implement Yodlee base services for their own online offerings. But these banking regulations don’t extend to the bank’s customers or to other service providers like Xero and our accounting partners.

We’ve discussed establishing feeds from Swiss Post Finance with Yodlee, but unfortunately we don’t collectively have enough customers to make this a viable yet. We’re pleased you’re enjoying using Xero yourselves and keep spreading the good word as we’d love to have the scale of customers in Switzerland to add bank feeds there.

Sam Johnstone
January 24, 2012 at 11:56 pm

Please add support for ING Direct Australian accounts.

January 23, 2013 at 9:22 am

Hi Steffen and Xero

We are also interested in having support for any Swiss based bank.
We are currently evaluating and also analyzing if there is a way we can build a customized solution for that.

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