Today we’ve released automated bank feeds for another 1,000 more banks across the globe. We’ve spent the last few months adding support for this next wave of banks and in doing so have taken a step closer to supporting banks that use multi-factor authentication (MFA) for internet banking.
We now have bank feeds for some of the most popular banks in the USA including Bank of America, HSBC and Wachovia, and in the UK, Citibank and Smile, along with many other banks. Some of these banks require security questions as part of the sign-in process and this latest release enables feeds with many of the banks that use this method of authentication.
For those of you waiting for banks that use full MFA (e.g. security tokens, security images and more complex security questions) we are looking to launch support for these in July. This should include Barclays and Lloyds TSB Business in the UK, Wells Fargo in the US and TD Bank in Canada. These are just a few of the banks in what will be more than 1,500 new MFA feeds, so there’s a very good chance that your bank will be available soon.
The best test of whether you’re able to receive feeds is to sign into your Xero account and give it a go. If you sign into Xero and you now have a green ‘Get Bank Feeds’ button next to your bank account, you’re on your way.
Xero still allows you to upload bank statements manually so you can still get started in the lead up to automated feeds being activated.