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Xero and Yodlee

Posted 8 years ago in Xero news by Alastair Grigg
Posted by Alastair Grigg

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.


David Hillary
January 28, 2010 at 9.58 am

Ok, come on guys, spill the details. How can you *possibly* get instant access to so many financial institutions’ data?

January 28, 2010 at 10.09 am

This is quite exciting for those of us in the States. I keep loving Xero more and more. I do hope mid 2010 comes earlier rather than later.

Michael Porter
January 28, 2010 at 10.13 am

I do concur with David Hilary, I’m not sure its entirely clear the extent of the likely bank feed automation. Is it only for a portion of each banks customers? Or truly a potential multi-bank automation?

Alastair Grigg
January 28, 2010 at 12.27 pm

To clarify how Yodlee based feeds will work – when we release this integrated feature our customers will be able to authorise a secure and automated Yodlee data aggregation service to access their bank accounts and retrieve statement data, which is then feed back into the bank account in Xero. The customer’s account credentials will only held securely on the Yodlee service and can only be updated or deleted by that customer.

The Yodlee data aggregation service can access the majority of accounts types offered by over 11,000 financial institutions and other account sources like loyalty accounts. However, the Yodlee based feeds will not replace the direct bank account feeds already available with the larger banks in NZ and Australian and the HSBC in the UK. We’ll be providing more details on the service closer to its release.

Richard Gunn
February 17, 2010 at 5.17 pm

I haven’t seen any news recently on adding more Australian banks to you direct feeds. I need St. George to come online with Xero. Are there any developments on this front ?

Catherine Walker in reply to Richard Gunn Xero
February 17, 2010 at 5.51 pm

@Richard We’ll be able to get feeds from them under our partnership with Yodlee due to be released later this year – sorry about the wait.

Jason Blumer, CPA
February 23, 2010 at 6.05 pm

Wow, as we add clients to Xero here in the states, we keep hearing this request. Can’t wait for it. Way to go Team Xero! You freakin’ rock.

February 24, 2010 at 4.07 am

Will any Canadian banks be integrated into Xero this year?

Alastair Grigg
February 24, 2010 at 9.43 am

@Brad The Yodlee service will enable feeds from around 30 Canadian banks at the time it is released. More details on this closer to the release date, but let us know if you have any specific bank you’d like to check will be covered.

February 24, 2010 at 9.56 am

Will banks like the Bank of Montreal be included in those 30 Canadian Banks?

Alastair Grigg
February 24, 2010 at 10.57 am

Unfortunately Bank of Montreal transactional accounts aren’t covered under the Yodlee service at this stage. Will check to see if they are in the pipeline to be available any time soon.

February 24, 2010 at 2.11 pm

Is a list of banks that are covered under the Yodlee service available? This list would assist in comparing banks.

Alastair Grigg
February 25, 2010 at 9.57 am

@Brad. Sorry, but we can’t provide a full bank listing until we have completed the software integration as some of the banks and/or account types available under the Yodlee SDK may not be suitable to bring into Xero. When the integration to Yodlee is released, our customers will be able check themselves which bank and account types are available. In the meantime, if you want to email me ( with a list of any other Canadian banks you are considering then we get back to you which of these we are confident will be available.

March 22, 2010 at 5.39 pm

Hey, will the Yodlee integration give us access to Westpac Bank here in Australia and when.
We’re Desperate.

Catherine Walker Xero
March 23, 2010 at 3.26 am

@Jennie – we’ll be able to get feeds from them under the Yodlee partnership – I’m sorry we don’t have a release date for this yet, it will be later this year, much integration work to be done.

Regards, Catherine

April 6, 2010 at 5.15 am

Hi, just wondering whether the big UK banks will be included with the Yodlee update? Great that HSBC already works, as this is who we would recommend. However, our clients use Barclays, Co-op, Natwest & Lloyds as well… any of these coming online? Would be great to see better access to the UK banks direct in Xero!

Earl Rudolfo
April 7, 2010 at 1.24 am

It would be a real benefit/value to get some Canadian banks into the mix. Why not start with HSBC? Automatic banks feeds would be a great motivator for more small businesses in Canada to use Xero. Also a huge competitive advantage for Xero moving into the SMB space here.

Alastair Grigg in reply to Earl Rudolfo
April 7, 2010 at 9.35 am

Hi Earl. When released, the Yodlee integration will provide feeds from around 30 Canadian banks including Royal Bank of Canada, CIBC and aslo Bank of Montral (who previously we have said was not covered). We are also discussing how we might extend our current direct feeds with the HSBC in the UK into other regions where HSBC operate, but nothing confirmed just yet.

April 9, 2010 at 4.49 pm

@alastair. Just to be clear, are credit card feeds also included in the Yodlee integration? I am currently receiving the bank feed, but need a feed for credit card too.

Alastair Grigg in reply to XeroFan
April 9, 2010 at 5.51 pm

@XeroFan. The Yodlee integration will provide access to credit card accounts, in addition to transactional accounts, for many of the financial institutions available through Yodlee. However, where we already have direct banks feeds we won’t have those banks available as a data source through Yodlee. Rather we are working on extending these feeds to cover credit card accounts as well. Drop me an email ( with details on which bank you have your credit card with and I can get your more details on the availability of these card feeds. Rgds, Alastair

Harriet Jacobs
April 21, 2010 at 8.56 pm

Hi Alistair, be interested to know the answer to @Matt query i.e. whether the big UK banks will be included with the Yodlee update? Our clients use Royal Bank of Scotland, Barclays, and Standard Chartered.

Alastair Grigg in reply to Harriet Jacobs
April 22, 2010 at 10.33 pm

Hi Harriet, Most major UK banks will be covered under the Yodlee based bank feed service. From the 3 you have listed, Royal Bank of Scotland and Barclays are available, but Standard Chartered is not currently. We will look into if Standard Chartered is planned any time soon. Rgds Alastair

May 12, 2010 at 12.09 am

Will Yodlee (and thus Xero) also be able to support PostFinance in Switzerland?

Alastair Grigg in reply to Steffen
May 13, 2010 at 8.35 am

Hi Steffen,
Currently Yodlee connects to only around a dozen banks in Spain and France and unfortunately not PostFinance in Switzerland. We will register your interest in adding this bank and if we get enough requests we can have Yodlee look to add a connection to this source.

Adam P
May 12, 2010 at 3.40 pm

Please give me an idea of how long until Yodlee feeds are available

Alastair Grigg in reply to Adam P
May 12, 2010 at 11.12 pm

Hi Adam,
We’re looking to have trial customers on the service by July and all going well make it more widely available from August. We will be posting further updates nearer the time.

May 14, 2010 at 4.46 pm

Hi Alastair. Are we able to register interest in being part of the Yodlee trials beginning in July? For Westpac Australia in particular. Cheers, Kim.

Alastair Grigg in reply to Kim
May 28, 2010 at 5.23 pm

Hi Kim,
Still finalising our trial plans for July. Will be in touch if this is going to involve Westpac Australia accounts.
Feel free to contact me ( if you have any other questions.

Aaron Nicholson
May 20, 2010 at 1.44 pm

I’m currently at Wells Fargo, but switching to local bank Gilmore Bank. Will Gilmore be offered? I assume Wells Fargo will…

Alastair Grigg in reply to Aaron Nicholson
May 28, 2010 at 5.20 pm

Hi Aaron.
Sorry for delayed response – Wells Fargo accounts will be available through Yodlee but not Gilmore Bank at this stage.

Adam P
May 27, 2010 at 12.18 pm

Thank you for the reply. Can I please be apart of the trial as soon as possible? My two other partners are nudging us away from Xero towards QuickBooks Online, because they can’t wait any longer. Sincerely,


May 31, 2010 at 1.52 am

Any chance that Santander in the UK will be supported soon?

Alastair Grigg in reply to Tim
May 31, 2010 at 7.07 am

Tim, yes Santander account feeds will be available through the Yodlee service once we roll this out in the next few months. We will post a further update on the timing of the Yodlee release later in June.

May 31, 2010 at 6.27 pm

Just to clarify about Yodlee vs existing bank feeds, is Yodlee only unavailable for existing account feeds from banks, or does it exclude the bank as a whole from Yodlee if they offer a limited bank feed? e.g I am with the NAB in Australia, and I can get account feeds, but I cant get credit cards. Will Yodlee allow me to “fill the gap” and access the credit card feeds, or is it the case that because the NAB offer feeds, though only limited, they will be excluded from Yodlee, and we will have to wait for the NAB to offer more?

Trevor Sokira
June 1, 2010 at 11.55 am

Another Canadian user here! Wow! First I have to say, what an amazing system. Thank you! Quick question, is CIBC (Canadian Imperial Bank of Commerce) on that list for automatic account feeds from Yodlee?

Alastair Grigg in reply to Trevor Sokira
June 1, 2010 at 5.50 pm

Hi Trevor, pleased you are enjoying Xero. Yes, CIBC accounts will be available through the Yodlee service when this is released.

June 10, 2010 at 12.56 pm

I have to say… we’re not able to wait any longer and are forced to get Quickbooks… blah… ( fugly nasty yuk.. sorry I had to say it.. I can’t stand it. )

Please try to get your system running soon for USA ( Bank of America? )… please also try to get some integration with payroll systems in the states. ADP? or like QuickBooks has… we need to be able to take care of the tax payments automatically so we are always in line.

Please go fast as you can!! I realllllly want to be able to use your system along with our Freshbooks system!!

June 10, 2010 at 2.36 pm

fugly indeed =]

June 23, 2010 at 8.40 am

Will the following USA banks be available?:
1. Signature Bank of New York
2. Vanguard

Catherine Walker Xero
June 23, 2010 at 10.02 am

Hi Jon,
Both Signature and Vanguard are currently offered as part of the Yodlee service we’ll get but information for individual States is unlikely to be available until we hook up the connection – hopefully this means your New York branch!
Regards, Catherine

July 15, 2010 at 8.48 am

Is TD Canada Trust on the list of Canadian banks that will work with the Yodlee integration?

Alastair Grigg in reply to Lou
July 16, 2010 at 10.37 am

Hi Lou,
Yes, TD Canada Trust accounts will be available through our integration with Yodlee.

July 17, 2010 at 7.42 pm

Any chance of this coming to the “Personal” version? Auto bank downloads is the only thing keeping me from signing up for the service. Thanks.

Alastair Grigg in reply to Jason
July 19, 2010 at 10.17 am

Hi Jason,
Our first goal is to release the Yodlee integration with the Xero business app. Once complete we will certainly be looking at the option of extending this integration into Xero Personal. No firm plans or timeline yet sorry, but we will be providing more updates over the coming months.

August 5, 2010 at 4.30 am

I signed up for the trial assuming the bank feeds were already in place (United States banks). I am now realizing that is not the case. That was a waist of my time.

Alastair Grigg in reply to Michael
August 6, 2010 at 1.39 pm

Hi Michael, sorry for any confusion on this timing of this, but we expect to have Yodlee integration with US banks released during Q4 of this year. Your trial organisation will remain available for 180 days from the date you added it. You can start using Xero in advance of the Yodlee integration being released by manually importing bank statements if these are available for download from your bank.

Frank Smith
August 6, 2010 at 5.06 pm

Will there be support for ING Direct Orange for Business accounts? I have been waiting for your product to come State side (support US bank feeds) since I first heard of Xero in 2007. Very excited! Hurry up Q4.

Alastair Grigg in reply to Frank Smith
August 7, 2010 at 6.42 am

Hi Frank. ING Direct accounts are available through the Yodlee service. However, it appears these accounts require multi-factor (two factor) authentication for online banking access, which unfortunately we won’t be supporting in our initial release. We are planning to extend the Yodlee integration to support for accounts with multi-factor authentication early in 2011. Sorry for the further delay this will cause for you.

August 8, 2010 at 5.59 am

Will any of the following banks in USA be supported – Fifth Third Bank, USBank, Huntington?

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 in reply to Jason
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 ( 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 in reply to Jon
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 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 in reply to bryce
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 in reply to Pierre
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 in reply to Agustin M.
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 in reply to Agustin M.
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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