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Community > Using Xero >

Yodlee bank feed - is this a separate app I need to sign up to?

Started by Bianca Simpson -   in Using Xero

I'm trying to set up 2 bank accounts (both Lloyds Business Banking UK accounts) but I can't connect the feeds. I've entered my online banking details correctly but I get an error message with respect to the feeds. Not sure what exactly Yodlee refers to, but would I need to sign up to this and integrate it with Xero before trying again? Many thanks in advance!
Best Reply as chosen by Bianca Simpson (Original Poster)
Hiya Bianca, Direct and Yodlee are the two type of feeds that you can have for your bank accounts.

The difference between the two is that, Direct feeds are sent to us directly by the bank themselves.You'd generally make an application online, or by completing a paper application, which'll be processed to set up connection.

Yodlee on the other hand is a 3rd party online banking provider which connects to different banking websites and financial institutions to retrieve bank statement data and imports it into your org.

If you've a few moments, do take a read of our Support article for more info on Yodlee and Direct feeds. :)
 

Kavi S (Community Manager)