Skip to main content Skip to log on Skip to search Accessibility at CommBank

Features & benefits

  • Save time & improve accuracy

    By reconciling your accounts automatically, you can save time on manual data entry and minimise missing or duplicate transactions into your accounting software. 

  • Stay up-to-date

    With up to date transactions and financial information you can simplify your tax returns, more easily control cash flow and make business decisions.

  • Stay safe online

    Safely share your banking data with your accounting software provider, without the security risk of sharing your internet banking credentials.

  • Flexible software options

    If you are a NetBank customer, CommBank data feeds can be seamlessly integrated with Xero and MYOB giving you all the flexibility you need.

    There are more integration options available with the other companies listed below.

Eligibility for Bank Feeds

  • Here is what you’ll need to set up a bank feed:

    To be registered with NetBank or CommBiz. Below are the following accounting software packages which support bank feeds:

    If you use NetBank, you’ll need to be a customer with:

    • Xero
    • MYOB

  • If you use CommBiz, you’ll need to be a customer with:

    • Xero
    • MYOB
    • Reckon
    • BGL
    • Class Super

  • An eligible product, which includes business transaction and savings accounts, business loan accounts, term deposits, and business credit cards. Check the links below for more information on how to setup an automated bank feed.

Learn about bank feeds

Read What's a bank feed to see how it works and how it can help your business.

Difference between Bank Feeds & Open Banking

 

Feature
Bank Feeds
Open Banking
Screen Scraping
What it is
Direct connection between CBA and business accounting software via secure direct feeds.
Secure data sharing through regulated Open Banking APIs with Accredited Data Recipients (ADRs).
Third-party access to online banking by capturing data from your screen.
How it works
We authorise the connection between your CBA account and the CBA supported accounting software.
You securely authorise access to your bank data using a third-party app or service. You authorise a third party to be able to share your data (as a data sharing delegate) and you can stop sharing anytime
Uses and saves your login credentials to mimic human behaviour and extract data.
Security & reliability
Most secure and reliable. Provided and managed by CBA.
Highly secure and regulated. Third parties must be accredited or use an accredited provider to access your data via open banking.
Less secure, less reliable, and can disrupt customer experience when Multi-Factor Authentication is introduced.
Consent
Authorise once for ongoing automated transaction feeds, with the ability to disconnect or revoke access through the software provider.
Explicit consent for each account, data categories type and period of sharing
Share your bank login credentials. Ongoing access without specific consent for each data use.
Data format
Standardised, consistent and machine-readable.
Standardised data fields must be commensurate with digital channels. 
Data is unstructured and inconsistent.
Best for
Business accounting, reconciliation and cash flow management.
Personal finance, accounting software, insights and innovative applications
Not recommended by banks.
Key call outs
Bank feeds continue to be available, with new digital features coming soon.
Requires ongoing yearly consent management.
Security breaches, data misuse, account lockouts and service disruptions.

Frequently used terms        

Familiarise yourself with common terms used by customers and providers that mean the same thing.

 

  • Automated Feed
  • Direct Feed
  • Bank Feed or Bank Feeds
  • BAI2
  • BTRS
  • Xero or MYOB Report

 

  • Data Sharing
  • Data Delegate
  • CDR
  • ADR (accrediated Data Recipient)
  • Open Banking
 
  • Standard Bank Feed
  • Robotic Process Automation
  • Digital Data Capture
  • Data Harvesting
  • Web Scraping 

FAQs

Bank Feeds will remain available and supported by CBA, with even more NextGen features coming soon.

Some providers may request your online banking details to access transaction data. Changes to NetBank security settings may affect the availability of this process. A CBA-authorised Bank Feed is available as an alternative way to share transaction data.

For more information on Bank Feed, visit What is Bank Feed? 

CBA supports a number of options for sharing transaction data with accounting software providers. These include Bank Feed and Open Banking. Please refer to the relevant links below for more information.

Want to know more, visit:

For more information on providers that support Bank Feed with CBA, visit Eligible Accounting Software Providers

  • Automated Efficiency: Eliminates manual data entry with seamless bank to accounting integration.
  • Improved Accuracy: Reduces errors through automated, consistent data capture
  • Enhanced Cash Flow Visibility: Insights enable better decision-making, performance optimisation, and customer growth.
  • Secure & Encrypted: Encrypted data exchange with no need to share online banking credentials.
  • One-Time Consent: Provides a seamless, one-time authorization that enables a continuous and automated transaction feed.

Generally, screen scraping works by providing a third party with your banking credentials or login. As per the Electronic Banking Terms and Conditions, you are responsible for ensuring the security of your login details and authentication. As such, you should confirm whether your accounting software is an eligible provider and supports Bank Feed. If it does not, consider switching to an eligible provider or manually uploading your transactions.

For more information visit the FAQ for Accounting Software integration and Bank Feeds

 

 

Learn how to setup an Automated Bank Feeds

 

 

 

Get started

We can help

Things you should know

  • Content is intended to provide general information of an educational nature only. It has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. 

    Images are for illustration only. Information on this page is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. You should consider seeking independent financial advice before making any decision based on this information.

    View our current Terms and Conditions for Electronic Banking and consider them before making any decision about these products. Rates, fees, charges and Terms and Conditions apply.