Setup a Bank Account in Xero

Bank feeds automatically pull transactions from your bank into Xero, eliminating the need for manual imports. This lesson covers adding your bank accounts and getting feeds connected.

1. Open Bank Accounts

Click Accounting and select Bank accounts.

2. Add Your Bank

Xero automatically suggests popular banks based on your region. If your bank appears in the list, select it. If not:

• Start typing the bank name in the search field.
• If Xero still can't find it, there may be no bank feed available — click Add it anyway to set up the account manually.
• If the account is held in another country, click the link to search internationally.

3. Enter Account Details

• Account name — a unique name to identify this account in Xero.
• Account type — e.g. current account, savings account, credit card.
• Account number — enter your bank account number.

Once added, you can immediately use this account in transactions.

4. Connect the Bank Feed

Connection methods vary by bank:

• Online connection — click the link and Xero redirects you to your bank's website to authorise the feed.
• Application form — some banks require you to download a form, complete it, and submit it directly to your bank.

Bank feeds can take up to 10 business days to activate after setup.

5. Manually Import Statements (If No Feed Is Available)

If a bank feed isn't available for your account:

1. Log into your online banking and download your transactions.
2. Supported formats: QIF, OFX, or CSV.
3. In Xero, click Manage account on the relevant bank account and select Import a statement.
4. Upload your file and follow the prompts.

Check Xero Central to see which bank feeds are available in your region.