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Setting up a bank feed for an ASB 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 an ASB account:

There are two parts to setting up a bank feed:

1. Apply

Start the application process in MYOB, then finish via ASB's online banking system. Alternatively you can send us an application form.

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2. Link

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

1. Apply for a bank feed

Applying online via ASB's internet banking site is the quickest way to get up and running. Otherwise you can complete an application form.

To apply for a bank feed

  1. In MYOB, go to the Banking menu and choose Manage bank feeds.

  2. Click Create bank feed.

  3. Select the type of account you're setting up the bank feed for (Bank account or Credit card account).

  4. Choose ASB from the list of financial institutions.

  5. Select the Application method.

    Multiple MYOB Business files or serial numbers?

    If you have multiple MYOB Business files or serial numbers, but you only have a single Fastnet login, you can't apply for bank feeds online via ASB internet banking. Instead, you'll need to use an application form.

How long will it take to approve my bank feed?

Internet banking applications are usually processed by ASB within 24 hours, but it can take a couple of days. Uploaded application forms can take 1 - 2 weeks to be processed. If you haven't heard from us after this time, contact our bank feed team a call on http://myob.com/contactus

We'll send you an email when your bank feed has been approved, or you can track the status of your bank feed application.

Once it's ready, you need to link the bank feed to the corresponding account in MYOB—see the next task for details.

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 ASB 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.

The first bank feed you receive will have transactions dated from when your bank feed was approved. Any transactions that occurred while you were waiting for the bank feed to be set up won’t be included, but you can import these transactions from your bank statements.