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LockriteLocksmiths
Level 1

HSBC Bank Feeds Ending

Just read this on my HSBC business account, am I going to lose my bank feeds.

 

"The HSBC BIB Manage Bank Feeds service for business UK accounts with Intuit QuickBooks is being discontinued on 1 August 2021. Intuit QuickBooks will contact customers who are connected to this service with the process for updating account connections to use Open Banking, where available.


If you haven't terminated your HSBC direct bank feed to Intuit QuickBooks before 31 July 2021 we'll automatically terminate the feed on 1 August 2021."

Solved
Best answer July 26, 2021

Accepted Solutions
DivinaMercy_N
Moderator

HSBC Bank Feeds Ending

Hello there, @Pinkcam.

 

Making sure you always have secure bank connections is our priority. 

 

QuickBooks Online (QBO), will disable direct feeds on July 31. Where customers who use Direct Bank Feeds will be migrated to Open Banking. Open Banking gives enhanced speed, security and smart solutions to banking customers.  

 

If there’s anything else I can do to assist you with this, please post a reply below. I’m always available to help if you ever need one.

View solution in original post

5 REPLIES 5
AileneA
QuickBooks Team

HSBC Bank Feeds Ending

Hello, LockriteLocksmiths.

 

I'd like to redirect you to our specialist, so this gets addressed securely. This may require confidential information, and they're the ones who can help us check on what we can do about it. Here's how:

 

  1. Go to Help and select Contact Us.
  2. Enter your concern. Then, Hit Let's talk.
  3. Choose a way to connect with us:
  • Start messaging
  • Get a callback 

 I'm adding this article with additional information on how to keep your bank feeds organized and steps on how to populate the latest transactions to review: Online Banking

 

Please let me know how the call goes or if you have any other issues. I want to make sure everything is taken care of for you. I'm always here to help. Have a wonderful day!

Pinkcam
Level 1

HSBC Bank Feeds Ending

Did you get a solution to this?  I rang the QB Helpline earlier but they weren't much help - I started the process of disconnecting our HSBC bank account but then it said we'd need to apply to have it re-added, so I stopped at that point.  However, I understand that our bank feed will be disconnected on 1st August, so I guess I will have to go through this process. There doesn't seem to much guidance on here about this process.

DivinaMercy_N
Moderator

HSBC Bank Feeds Ending

Hello there, @Pinkcam.

 

Making sure you always have secure bank connections is our priority. 

 

QuickBooks Online (QBO), will disable direct feeds on July 31. Where customers who use Direct Bank Feeds will be migrated to Open Banking. Open Banking gives enhanced speed, security and smart solutions to banking customers.  

 

If there’s anything else I can do to assist you with this, please post a reply below. I’m always available to help if you ever need one.

MattPe
Level 1

HSBC Bank Feeds Ending

I have this and I relinked to the bank. During this process I had to open a new account in QuickBooks - a bank account. The feed now works again but I now have two nominal accounts in the ledger for the same bank account - one up to 31 July 2021 and one after 1 Aug 2021. Is this meant to happen? I also had to put a journal entry in to cancel a weird entry in Retained profits brought forward account.

FritzF
Moderator

HSBC Bank Feeds Ending

Hello there, @MattPe.

 

I appreciate you joining this conversation and for sharing some information about your concern.

 

The possible reason why you have two nominal accounts in the ledger for the same bank account is that you may have relinked or reconnected the bank without disconnecting it first.

 

To fix this, you'll need to delete all the transactions on the new account, then make it inactive. Once done, disconnect both accounts. Here's how:

 

  1. Go to the Banking menu or Transactions menu. Then select the Banking tab.
  2. Select the tile for the bank account.
  3. Select the pencil ✎ icon, then select Edit account info.
  4. Select the Disconnect this account on save checkbox.
  5. Select Save and Close.

 

After that, reconnect again to sync the new Open Banking. You can refer to this article for the detailed steps on how: Connect your bank feeds using Open Banking.

 

To learn more about Open Banking in QuickBooks Online (QBO). Check out these articles:

 

 

Please post again or leave a comment in this thread if you need further assistance. I'll be around to help.

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