Xero Customers Update: Open Banking

December 6th, 2023

Xero is excited to announce a new bill payment experience in the UK that is powered by open banking. This means you can now manage, approve, and pay bills without leaving Xero.

How it works:

Benefits:

Security:

Pricing:

How to set up direct bank transfer in Xero:

  1. In the Business menu, select Bills to pay.

  2. At the top, click Set up direct payment.

  3. (Optional) For pricing details and frequently asked questions about direct bank transfers, click Explore product.

  4. Click Set up now.

  5. Review the information on the screen and read the privacy policy, then click Allow.

  6. Click Allow access.

  7. Select the bank account you want to make payments from, then click Confirm. 

  8. Follow the prompts from your bank to connect your bank account.

  9. (Optional) To add another bank account, click Add new account, then follow the prompts from your bank to connect it. Repeat this step for each bank account you want to connect.

  10. Click Continue to finish setting up bill payments.

Additional tips: