Adding a bank feed and establishing your accounts

Bank Feeds are a convenient way to automatically fetch your transactions and import them into your linked accounts in PocketSmith ⚡️
Learn how to add a new Bank Feed Connection and link your accounts in this handy guide 🙌 🎉

In this user guide

Adding a bank feed from the Checklist or Bank Feeds page

If you have just signed up to PocketSmith, you will be introduced to your Checklist. From here, you can add bank feeds and set up new bank accounts. You can also add new bank feeds once you're already set up in PocketSmith from the Bank Feeds page.

1

Option A: The Checklist

From the Checklist, select the option  Link your accounts

Option B: Bank Feeds page

From the Bank Feeds page (Accounts > Bank Feeds), and click + New Connection in the toolbar

Note

If you've not yet migrated from our legacy bank feed system to Data Connections, you'll need to complete the migration first to view this new Bank Feeds page. Check out Migrating to Data Connections for detail on how to do this.

2

Enter your bank in the search field and click SEARCH, or quickly select one of the bank icons provided

3
Hover over the bank name and click + ADD CONNECTION.
If you've previously added a connection to this bank, you will be asked to enter a Nickname. This is used to distinguish between different online banking login details e.g. your login vs your partner's login.

Tip

Hover over the bank logo to confirm that the login URL matches your online banking portal

4

For connections provided by Yodlee, jump to Step 5

For connections provided by our UK/EU provider, Salt Edge, you will be required to authorize this connection as per PSD2 regulations.

After clicking AUTHORIZE, please read the consent information. If you consent for Salt Edge to access your bank data, tick the box and click Confirm.

You’ll then be diverted to the secure online banking portal to enter your online banking login details, select accounts, and grant Salt Edge permission to access your data.

After the connection is complete, you’ll be asked to close the window to return to PocketSmith. You can now head to Linking your bank accounts.

5
Sign in with the same login details that you would usually use at your online banking site, and click SUBMIT

If you have additional security requirements for this feed, please click Authorize to complete the information and continue syncing.

The first sync may take a few minutes to complete. While waiting grab a cuppa, or check out some handy hints from the loading toolbar at the bottom of the page.


Establishing your bank accounts in PocketSmith

Once your Data Connection has been added to PocketSmith, you're ready to establish new bank feed accounts and link any existing offline accounts to your connections.

1
To link your feed accounts to PocketSmith, please click LINK ACCOUNTS

2

If you have any existing offline accounts, you'll be asked if you want to link each offline account to a data feed.

  • To link an existing offline account (displayed in the left column), select the appropriate feed account from the drop-down (displayed in the right column) and click LINK SELECTED.
  • If you don't wish to link a data feed to your offline account(s), click SKIP

If you don't have any offline accounts - jump to Step 3.

Note

To prevent duplicate accounts from being created, do not skip this step if your existing accounts were previously linked to your bank feed.

If you've recently migrated to Data Connections, your previously connected PocketSmith accounts will have been converted to offline accounts. In this step, you’ll need to relink these to the new data connections.

3
If you have any remaining unlinked accounts, you'll be asked if you want to add these to your PocketSmith. Tick any accounts you’d like to add to PocketSmith. Any unticked accounts will remain unlinked. 
Click ADD TO POCKETSMITH to establish new accounts, or  LEAVE UNLINKED if you have not selected any accounts. 
4
Nice one! You’ve authorized your feed and linked your accounts with PocketSmith Data Connections! 🎉

Head to the Transactions page ( Accounts > Transactions) to view the transactions that were imported 🤓 


Adding more than one set of credentials for an existing bank feed

PocketSmith allows you to add multiple credentials for one bank, which means you can connect your partner's accounts at the same bank or any other accounts you have at the same bank with different logins.

The process for adding a second set of credentials varies depending on the data partner for your bank feed:


Auto-categorize transactions

When adding a new bank feed, the option to have  Auto-categorize transactions is enabled by default. However, you can turn this off at any time.

For more detail please see: Auto-categorize transactions


Keeping your bank feed up-to-date in PocketSmith

To ensure your bank feeds are syncing correctly and your transactions are being kept up to date, we recommend logging into your PocketSmith account a minimum of once every 4 weeks - but more often is even better!

If your bank feed requires additional security information, then you will need to log into PocketSmith at least once every 4 weeks to respond to security requirements to sync your bank feed and keep your transactions up to date. If you do not sync your bank feed for over 4 weeks, this may result in missing transactions.

If your bank feed does not require additional security information, we still recommend logging in at least once every 4 weeks. This allows you to spot any errors affecting your bank feed and ensures your bank feed will regularly update, according to our automatic syncing schedule.

Please note that logging in once every 4 weeks is the bare minimum! To stay engaged with your finances and ensure your bank feeds are running smoothly, it's best to log in at least once every 2 weeks.

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