Open Banking rollout is now underway for new MYOB customers

We’ve now started the phased rollout of Open Banking to new MYOB customers in Australia. 

 

This introduces a secure, consent-driven way to connect bank feeds for SME clients. 

What’s changing? 

With Open Banking, eligible bank feeds can be connected in minutes rather than taking several days to activate. Connections are authorised directly through the bank, with client consent. 

 

What you’ll need when setting up bank feeds 

For accountants and bookkeepers, there are two key requirements when setting up bank feeds for your SME clients: 

• A valid ABN recorded in the client file 
• A nominated representative who is authorised with the bank for Open Banking access (this is a bank-level permission) 

 

Important notes 

• The rollout is phased, starting with new MYOB customers 
• Classic bank feeds process will continue in parallel for the foreseeable future 
• Bank-level permissions are managed directly with the financial institution 

 

If you have questions about setup, permissions, or how this will work in practice, please post them below. We will be sharing further details in upcoming communications. 

 

You can also read the full details and FAQs here 👇 

Learn more