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Bank Feeds

Bank Feeds are automated connections between a business’s bank account and their accounting software, providing real-time updates of transactions, deposits, and withdrawals. Bank Feeds simplify bookkeeping, ensure accurate cashflow monitoring, and support finance applications such as Low Doc Asset Finance, the kind of cashflow-style facilities covered in our Low Doc Cashflow Loans guide, and Working Capital Loans.

Why Bank Feeds Matter

Bank Feeds reduce manual data entry, prevent errors, and provide lenders with up-to-date transaction history. They are critical for determining Borrowing Capacity, Credit Limits, and for accurate reporting in Low Doc and cashflow-style finance applications. Businesses in the Tradie Hub, Truckie Hub, Café Hub, and Whitecoat Hub benefit from automated feeds for smoother operations.

How Bank Feeds Work

  • Bank account is linked to accounting software via secure API or online banking connection.
  • Transactions are automatically imported daily or in real-time.
  • Reduces manual entry and improves cashflow visibility.
  • Supports finance applications by providing up-to-date statements and activity history.
  • Helps track income, expenses, and repayments accurately.

Related Switchboard Resources

Official info: business.gov.au

Are Bank Feeds secure?
Yes — connections use bank-approved APIs with encryption and secure login credentials.
Do all banks support Bank Feeds?
Most major Australian banks support feeds, though setup and refresh intervals may vary.
Can Bank Feeds be used for finance applications?
Yes — lenders can view real-time transaction data to assess repayment ability and cashflow.