New EU standards, due to take effect from 14 September 2019, will change the way some banks connect to Xero. To comply with this change, many of Xero’s bank feeds will be replaced by new direct feeds using Open Banking.What is Open Banking?Open Banking is a secure way to share your financial information with companies like Xero. It gives you greater control of your data and how it’s used. What does it mean for me? How you are affected will depend upon which bank and bank account you have connected with Xero. You may be required to update your existing bank feed to a new direct feed so your transactions continue to flow into Xero each day. There is nothing for you to do right now – but we’ll let you know once we have guidance of when and how we need to change to the new bank feeds. Want to find out more?Call us on (01474) 853856 and we will put you in contact with one of our advisers, or send us an enquiry by clicking below. Send us an enquiry Send us an enquiryFill in your details below and we’ll come back to as soon as we can! If your enquiry is urgent, please do give us a call.Your full name*Contact no.*Email address* Business name*Industry / Profession*Your messageOne last thing...*By ticking this box you agree to being contacted via email or phone by one of our Advisers, and for the information you provide us with to be kept securely for future communications in line with the new GDPR Yes, I agree Other posts of interest 2nd November 2020Impact of new lockdown and changes on small businesses Read more 16th October 2017Selling your Veterinary practice? | Selling up, not selling out Read more 25th July 2024Learn How to Grow Your Business Like a Franchise (Without the Franchise!) Read more See more articles