Will enabling bank feeds alter my existing transactions?
A bank feed will import new transactions starting on the day you've enabled it. It won't change any transactions you've already imported or added manually into FreeAgent.
Be sure to check your transactions around the date you enabled the bank feed. If you see any missing transactions, you can manually add them. You can also upload a bank statement, but you may see some duplicates if the transactions on your statement occur after you enabled the bank feed.
I've enabled a bank feed but I'm missing transactions.
Depending on when you last uploaded or manually added bank transactions you may find that you have missing transactions from before you enabled the bank feed. If you see any missing transactions, you can manually add them or upload a bank statement – be careful not to add any duplicate transactions.
Why do I see duplicate transactions when I upload a statement into an account that has a bank feed?
Depending on the bank, a transaction may look quite different on your statement (which you upload) and on the bank's website. If you upload a statement that includes transactions that occurred after you enabled your bank feed, you may see the same transaction twice.
You may have had transactions that were still pending in your online banking account at the time of the last bank feed import attempt. These should appear in FreeAgent the next time your bank feed imports new transactions.
Why has my bank feed stopped working?
Open Banking bank feeds
If your bank feed was set up through Open Banking and your 90-day consent has expired, your bank feed will stop working. To make sure that your Open Banking bank feed is kept active, you’ll need to reconnect and re-consent with your bank every 90 days, as part of the Open Banking standard.
Challenger bank feed integrations
If you have connected an integration with a challenger bank, this feed will also be subject to 90-day consent requirements. If the feed stops working, it may be that you need to update your 90-day consent through your banking app. Your bank will be able to support you with any further queries on these integrations.
Have you changed your online banking password recently?
If you have changed your online banking password recently, you’ll need to disable then re-enable your bank feed to keep it working as usual.
To do this, navigate to your bank account page in FreeAgent, select the 'More' menu then 'Disable Bank Feed'. You should see the 'Enable Bank Feed' button appear. Select this and follow the workflow to enable your bank feed again.
Why isn't my bank feed updating automatically?
If you’re set up through our third-party provider bank feed and using a Multi-Factor Authentication device, when the bank asks a question that third-party provider feed hasn’t answered before, then you‘ll need to hit the ‘Import’ button again and answer the security question.
Please note if your account needs a numeric security token for access, the code changes every 60 seconds, so the third-party provider feed would never be able to correctly answer automatically.
Why does the bank feed panel say there's a problem?
You’ll see this message if there is a technical problem getting transactions from your bank and we know that there is a problem and will be working to resolve it.
Don't worry; none of your transactions will be lost. Once the bank feed is working again, all of your delayed transactions will be imported.
If your bank feed is not working and you need to get your transactions into FreeAgent, you can upload a statement.
If you upload a statement that contains transactions that your bank feed already imported, you may see duplicate transactions. It's always a good idea to carefully inspect your FreeAgent bank account after uploading a statement and delete any duplicates.
Once your bank feed is working again, it will not import transactions for any days that are covered by your statement upload.
Can I disable my bank feed?
Of course! You can follow the steps outlined in this article and repeat the process for each bank feed you want disabled.
If you’re just looking to switch your bank feed to an Open Banking bank feed, then check out this article on how to switch.
What if I have concerns about security?
FreeAgent does not store your bank login details and you are completely in control of what data your FreeAgent account can access from your bank. Open Banking has security at its heart, as it aims to put the customer in firm control of their finances. If you’d like to read more on this topic, check out the official Open Banking organisation.
Third-party provider bank feeds
FreeAgent doesn’t store your bank login details, these are stored securely through our third-party provider Yodlee. You can read more about our third-party provider in this article.
FreeAgent is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (register no. 799763) for the provision of account information services.
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