Which Banks are compatible with Quickbooks Online UK bank Feeds?
Bank feeds are becoming increasingly important, it can be frustrating to find that the business bank you choose is not compatible with Quickbooks Online. So which bank should you choose which can integrate with Quickbooks Online UK bank feeds?
Unlike Xero and Freeagent, Quickbooks has not released an public API so that the banking industry can quickly integrate their banks accounts to Quickbooks bank feeds. This means that Quickbooks has to directly work with banks who wish to integrate their accounts with Quickbooks Bank feeds. Now from what we can tell, they have not been quick to get banks on their bank feed system, frustrating customers. It looks like Quickbooks are waiting for the new Open Banking system to take over and then develop their API to suit that. So expect in the next 6 months, this will all change for the better.
So what does that mean for UK small businesses? When choosing a bank account you need to check that your bank can integrate with Quickbooks so to avoid the manual reconciliation at the end of the month. We have provided a list of UK banks which are compatible with Quickbooks bank feeds.
What are Bank feeds?
Banks feeds are an automatically synced list of transactions (in goings and out goings) of your bank account with your accounting system. The impact has been enormous, Quickbooks can automatically match a transaction to a sales invoice or purchase invoice. This reduces the amount of time reconciling bank accounts manually – saving hours.
List of banks with Quickbooks Bank Feeds Integration
- Santander Business Account
- HSBC Business Account
- Lloyds Business Account
- Barclays Business Account
- TSB Business Bank account
- American Express
- Yorkshire Bank
- Clydesdale Bank
- Metro Bank
- Bank of Scotland
- Ulster Bank
- Bank of Ireland
- Allied Irish Bank
- Card One Banking
List of popular banks working on Quickbooks Integration
We will keep you updated on when Quickbooks finally releases their API so that banks can easily connect to Quickbooks Bank Feeds.
Update: 8th November 2019 – Quickbooks now integrates with Monzo and Quickbooks.