Applying for Bank Feeds

MYOB Acumatica offers two methods for applying for a bank feeds:
  • Online - For financial institutions that offer online bank feed applications, MYOB Acumatica generates a passcode, which you must copy down and supply when setting up the bank feed at the institution's website.
  • Paper - Where online applications are not available, MYOB Acumatica generates a printable Client Application Form (CAF) containing details of the account you want to set up a bank feed for. The CAF must be printed out, signed, uploaded and sent for processing (all of these actions are performed in MYOB Acumatica).

Which method you use depends on the methods offered by the financial institution that you are setting up a bank feed for.

After successfully applying for a bank feed, any user with access to the Manage Bank Feeds (MBCA2020) form can import bank feed transactions.

Ensure you have a two-factor authentication account

To apply for a bank feed, you need to have an MYOB ID account that you use to sign in with two-factor authentication (2FA). For instructions on creating an MYOB ID account, see Two-Factor Authentication (2FA) with MYOB ID.

Paper form application

  1. Create an application record on the Apply for Bank Feed (MBCA2010) form, selecting the financial institution and making sure that the Paper option is selected under Application Type.
  2. Enter the required account information and save. (You can also select the Cash Account that the bank feed will import transactions into, but this is optional at this stage.)
  3. Use the Submit action to submit the application to MYOB's online services.
  4. Use the Download action to download a Client Application Form (CAF).
  5. Print out and sign the CAF.
  6. Scan the signed CAF and use the Upload action to attach it to the application record.
  7. Use the Send action to send the CAF for processing.
  8. Check the status of the application as it is processed on the Track Bank Feed Applications (MBCA2015) form.
  9. Once the application is successfully processed, use the Activate action on the Apply for Bank Feed form to activate the bank feed. (If you have not yet selected the Cash Account that the bank feed will import transactions, you must do this before you can activate the feed.)

Online application

Note:
The process for signing up for BNZ bank feeds is slightly different. See the instructions below.
  1. Create an application record on the Apply for Bank Feed (MBCA2010) form, selecting the financial institution and making sure that the Online option is selected under Application Type.
  2. Save the application record. (You can also select the Cash Account that the bank feed will import transactions into, but this is optional at this stage.)
  3. Use the Submit action to submit the application to MYOB's online services.
  4. A passcode is generated automatically in the Passcode field - copy this code down.
  5. Click Open Financial Institution Portal go to the website for the financial institution and complete the application there. You will need to supply the passcode as part of the process.
  6. Once the bank feed has been successfully set up, use the Activate action on the Apply for Bank Feed form to activate the bank feed. (If you have not yet selected the Cash Account that the bank feed will import transactions, you must do this before you can activate the feed.)

BNZ online application

  1. Create an application record on the Apply for Bank Feed (MBCA2010) form, selecting BNZ or BNZ - Credit Cards as the financial institution.

    The Online option is selected automatically.

  2. Save the application record. (You can also select the Cash Account that the bank feed will import transactions into, but this is optional at this stage.)
  3. Click the Submit action. An terms and conditions page opens in a new tab.
  4. Agree to the terms and conditions and continue. The BNZ website opens.
  5. Sign in to BNZ web banking and select the bank accounts you wish to use for feeds.
  6. Once the bank feed has been successfully set up, use the Activate action on the Apply for Bank Feed form to activate the bank feed. (If you have not yet selected the Cash Account that the bank feed will import transactions, you must do this before you can activate the feed.)