Forum Discussion

Mike_MYOB's avatar
Mike_MYOB
Community Manager
1 month ago

Moving from Bank feeds to Open banking

Hi all!

 

If you've been with MYOB for a while, your bank feed is probably a classic one. 

Bank feeds still works, but there's a newer way to connect: Open Banking. 

 

Take a look at the video below for how you can change from classic bank feeds to open banking

 

 

7 Replies

  • TC1808's avatar
    TC1808
    Experienced User
    29 days ago

    Mike_MYOB​ Is this why my Bank rules no longer work? Every time MYOB does an update something goes wrong!!! I've never had a problem before now but they have stopped working since I used it last which was 2 days ago.

  • Mike_MYOB's avatar
    Mike_MYOB
    Community Manager
    29 days ago

    Hi TC1808​ , sorry to hear that your bank rules stopped working. Open banking has been an option for multiple months now, so this won't have had an impact on your bank rules. You'll need to get in touch with our support team if this is still a problem (start with the basics, close and re-open to software, clear cache) 

  • BEYBALLOON's avatar
    BEYBALLOON
    Experienced User
    24 days ago

    I have moved to Opening banking but NO transactions have come through yet (2 Days) and the accounts dont show on the dash board ????

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    24 days ago

    Hey BEYBALLOON​ 

    Recommend clicking into Banking Banking hub to check the status of your bank feed. If it's active, please check this list to confirm the frequency your bank sends bank feeds to the file. You'll need to get in touch with the support team via your My Account dashboard if your bank feed reflects as active and no transactions are coming in. 

  • Would this be why ALL my previous Bank reconciliations are all out, and have different balances to those that I have already reconciled???? I can't untick matched transactions - that are not showing on the bank statement! This is a nightmare. Already reconciled and completed BAS, I cant get the current BAS reconcilied until I go and undo whatever your so called "smart" matching has done. So much time wasted.

  • Mike_MYOB's avatar
    Mike_MYOB
    Community Manager
    18 days ago

    Hi emmacc​ , no open banking is a essentially a new replacement for bank feeds. Customers need to make the move from bank feeds to open banking themselves following the steps outlined in my post.

    There are no automatic changes to customers as a result of this new capability

  • H-TS's avatar
    H-TS
    Trusted User
    10 days ago

    Any plans to add this to the desktop version, which according to previous posts is still supposed to be supported and developed?