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How do I connect a bank account via Open Banking

Connecting your bank or credit card accounts to the Bank Feeds feature

Michelle avatar
Written by Michelle
Updated this week

The Bank Feeds feature enables you to connect bank account(s) or credit card(s) to your Rounded account so you can see all your transactions in one place.

Use the Bank Feeds section to add and manage bank accounts and credit cards associated with your account.

Note: Open banking is a government initiative administered by the ACCC. Click HERE to see the banks and financial institutions that participate in it.

To connect to a bank account (for the first time)

  1. Log in to Rounded and click Bank feeds on the menu on the left.

  2. Enter your phone number and ABN, then click Connect to Open Banking.

  3. The following section explains what data will be connected and how it will be used. Please read through it, and once you have, you can provide your consent by clicking Allow

  4. Select your bank

  5. Once you select your bank, you will be routed to its environment. Depending on what your bank requires, you must enter your email, phone number, or Access ID.

Please note: This part of the process happens inside your chosen bank’s environment, so you are only providing your login details to your bank. At no time will Rounded or Fiskil require you to provide your login information.

This is an example of the possible steps that will happen next.

6. Enter your email address

7. Click Get code

8. An email will be sent to the email address on the first step

9. Enter the code on the next page

10. Click Continue

11. Select the account/s to be connected to your Rounded account and click Continue

12. You will be asked to review and confirm your shared data. Once you have read through, click Confirm and share

Depending on your bank, the sync may take up to 10 minutes while all transactions associated with the selected accounts are retrieved and displayed to your Rounded account.

NOTE:

  • Do not navigate away from bank feeds while waiting to see transactions for the first time.

  • Transactions will update automatically when they are tagged as completed by the bank.

Remember to download the Rounded mobile app!

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