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Robert Archer
January 11, 2021
Solved

Bank live feed

  • January 11, 2021
  • 1 reply
  • 0 views

Hello

 

I want to connect my clients live bank feed to his Quick books online account.

 

He wants to know if we can do anything to his bank if he allows us to have the live bank feed. Such as make transfers from the bank account or pay people money from his account. (as he doesn't want us to)

 

Could anyone confirm what i can and can't do with his Live bank feed so i can confirm with him please.

 

Thanks in advance

Robert

Best answer by GeorgiaC

Hi Robert,

 

Thanks for joining us here! 

 

When you connect an account, QuickBooks will only download the live balance and transaction data, it's not possible to use QuickBooks for any transfers or payment processing, this would still need to be handled through the bank direct. Additionally, bank credentials are only entered by the client when they set up the feed and then again every 90 days to re-authorise the connection, these aren't stored or accessible on the system. 🙂 

 

We've got more on Open Banking here which you may find helpful - please get back to us below if you have any additional questions!

 

1 reply

G
GeorgiaCAnswer
January 11, 2021

Hi Robert,

 

Thanks for joining us here! 

 

When you connect an account, QuickBooks will only download the live balance and transaction data, it's not possible to use QuickBooks for any transfers or payment processing, this would still need to be handled through the bank direct. Additionally, bank credentials are only entered by the client when they set up the feed and then again every 90 days to re-authorise the connection, these aren't stored or accessible on the system. 🙂 

 

We've got more on Open Banking here which you may find helpful - please get back to us below if you have any additional questions!

 

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