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Setting up a bank feed for a Commonwealth Bank account

Bank feeds allow information from your financial institution to be sent straight to MYOB so you can save time on your data entry. Tell me more about bank feeds.

To set up a bank feed for a Commonwealth Bank account, you need to be the online owner (this is usually the person who set up your MYOB subscription) or an Online Admin user. If you're setting up a bank feed for a credit card account, it must be a business credit card, not a personal one. Which CBA accounts are supported?

You'll start the application process in MYOB, then finish via NetBank (CBA's online banking). This is recommended as the fastest way to get set up. If you can't apply via NetBank you can can submit an application form instead.

There are two parts to setting up a bank feed:

1. Apply

Start the application process in MYOB, then finish via NetBank (the Commonwealth Bank's online banking). Alternatively, you can submit an application form.

2. Link

Once your bank feed application is active, choose the MYOB account the bank feed applies to.

Need to link more bank accounts? The number of bank accounts you can link depends on your plan. Go to My Account to see your current limit or upgrade your plan (click your business name > My Account > Manage my product).

What will prevent me from applying via NetBank?

You won't be able to apply for your CBA bank feed via NetBank if:

  • you don't have access to NetBank - speak to the CBA about getting set up.

  • you use CBA CommBiz

  • there's more than one signatory on your account, or

  • you've chosen to "mask" your account numbers in NetBank (so they display as XXX XXX) and you don't want to turn this off.

If you can't apply via NetBank, you'll need to use an application form instead—see below for details.

1. Apply for a bank feed

OK, let's get started!

Once you've been notified (by email) that your bank feed has been approved and the first bank feed has arrived, you'll need to link the bank feed to the corresponding account in MYOB. This will be the account in MYOB that your bank transactions will be fed into.

What happens next?

Your bank transactions will automatically be fed into MYOB at the frequency specified by the CBA for your account type.

You can then allocate those transactions to the applicable accounts or match them to existing transactions. You can even set up rules to make it happen automatically. Find out all about Working with bank transactions.