Bank Feeds SuiteApp
The Bank Feeds SuiteApp automates the transfer of your bank data from your financial institution accounts into NetSuite. The SuiteApp uses the Financial Institution Connectivity Plug-In and an authorized account information service provider to securely access online financial institution data.
Watch the following video for a brief overview of the Bank Feeds SuiteApp:
The SuiteApp retrieves bank data daily to ensure that everything in your bank account is reflected in NetSuite. And then, it imports the data into your account to aid with the bank reconciliation process. This process eliminates the manual effort of importing and matching your banking data in NetSuite.
This SuiteApp enables you to:
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Connect NetSuite to multiple financial institutions that operate in the following countries:
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Asia (Hong Kong, Indonesia, Malaysia, Philippines, Singapore, and Thailand)
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Europe
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Oceania (New Zealand)
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North America (Canada and the United States)
You can also connect to financial institutions that operate globally and are not country-specific. To see a list of supported financial institutions that are not country-specific, see All Other Data Providers.
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Receive cleared and processed bank transactions daily from your financial institution accounts
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Automate the import of bank transactions and account balances daily from your financial institution accounts into your NetSuite account
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Perform manual trigger of real-time bank transactions and account balances import into NetSuite
Supported Financial Institution Account Types
The account types that the Bank Feeds SuiteApp support depends on the operating country of your financial institution. Refer to the following table for the list of supported account types.
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U.S. and Canada |
PSD2 Compliant Countries Within Europe |
Non-PSD2 Compliant Countries Within Europe (Switzerland) |
Other Countries (New Zealand, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, and Thailand) |
|---|---|---|---|
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Checking |
Payment Accounts (Credit Card, Debit Card, and Ewallet) |
Payment Accounts (Credit Card, Debit Card, and Ewallet) |
Payment Accounts (Credit Card, Debit Card, and Ewallet) |
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Savings |
Bank Deposit Accounts (Savings and Checking) |
Bank Deposit Accounts (Savings and Checking) |
Bank Deposit Accounts (Savings and Checking) |
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Credit Card |
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The SuiteApp connects to your financial institution through any of the following:
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Simple login – Connect to your financial institution by providing only your username and password.
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Multifactor authentication (MFA) – In addition to your username and password, connect to your financial institution by providing authentication information to validate your identity. Examples include one-time passwords and two-factor authentication (2FA).
Not all financial institution connection experience is the same. Several factors may affect how the system's authorized account information service provider establishes and sustains a connection. To see a list of things to consider when connecting to your financial institution, see the Important Things to Note section of Setting Up Bank Feeds Integration.
Read the following topics to learn more about the Bank Feeds SuiteApp: