Connect a new ANZ bank account to Open Banking in QuickBooks Online

Open Banking is a secure way to share your financial data with trusted software, like QuickBooks Online! It improves speed, security, and automation by letting you control which apps access your account information.

Follow this process if you're setting up a brand new Australia and New Zealand Banking Group (ANZ) bank feed connection in QuickBooks Online for the first time. 

We’ll be guiding you through the following steps:

1. Before you start: Important things to prepare before connecting your account, including how to elect a data-sharing delegate/nominated representative
2. Step 1: Connect your new ANZ account to Open Banking
3. Step 2: Refresh and review transactions
4. Next steps: Renew your bank connection every year

Note: If you aren't an ANZ customer, you can refer to connect a new bank account to Open Banking in QuickBooks Online for relevant instructions.

Before you start

1. Enable pop-ups: Make sure pop-ups are turned on in your browser settings.
2. Have your ABN ready: You will need your Australian Business Number (ABN) for setup, as Open Banking is for business customers only. If you don't have a trading entity but manage a rental property or a hobby business, you may be able to apply for an ABN. Check your eligibility at the ATO website. 

Finally, check if you need to elect a data-sharing delegate/nominated representative

For certain bank accounts like partnerships, companies, and trusts, you will need to elect a data-sharing delegate/nominated representative. This is someone who is allowed to share data with trusted data providers like QuickBooks Online. To check if you need to set up a data-sharing delegate for any of your accounts, go to the CDR Ready website and follow the prompts. 

A data-sharing delegate is different to an account signatory or an authorisation to operate the bank account. If you aren't appointed as a data-sharing delegate, your accounts won't appear in the Open Banking bank feed setup.

If the CDR ready site states that you need to setup your ANZ data representation, refer to set up a nominated representative for detailed guidance, or use the following steps:

Step 1: Connect your new ANZ account to Open Banking

1. Follow this link to complete the steps in your product.
2. Head to Accounting, then Bank transactions.
3. Select Connect Account or Link account and then search for ANZ.
4. If this is your first time connecting to Opening Banking, specify the business account and enter the relevant Australian Business Number (ABN) or Australian Company Number (ACN).
5. Review and agree to the consent details regarding shared data.
6. Select Continue to sign into your ANZ account.
7. Select Continue to agree to sharing your data.
8. Enter your CRN and confirm your mobile phone number.
9. Input the one-time password.
10. Select the specific bank accounts to share with QuickBooks.
11. Confirm the information being shared and that the connection is for 365 days.
12. Select which accounts you want to connect.
13. QuicksBooks Online will now import your ANZ transactions.

Step 2: Refresh and review transactions

Once connected, QuickBooks imports your transactions daily. You can also refresh manually to get the latest data.

1. Follow this link to complete the steps in product.
2. Select Update.
3. Carefully review, categorise, or match transactions to the correct accounts.

Next steps 

To meet Open Banking regulations, you’ll need to renew your bank feed every 365 days. QuickBooks Online will notify you when it’s time to renew your consent with a banner at the top of the Open Banking page.

If you renewed your consent after it expired, you can select the required date to retrieve any missed transactions.

Manage all your connections from the Bank transactions screen:

1. Select the bank account tile.
2. Select the dropdown ▼ next to link account, and select Manage connections.
3. Select the Three dots.
4. Select Renew account.