cancel
Showing results for 
Search instead for 
Did you mean: 
Dwyane_CPI
Level 1

Linking to a foreign bank

Hello.

 

I run a U.S. based company that has a bank account in the Caribbean that I would like to get linked to my QBO account. The bank uses U.S. dollars and the country's official currency is the USD. I am looking for a way to link my Caribbean bank account just as I am able to link my U.S. bank account so that I can keep track of transactions. I do not need the multicurrency feature. I simply want to add my foreign bank that uses USD.

 

Any help with this (that doesn't involve upgrading to a more expensive plan with features that I won't use) would be greatly appreciated.

 

-Dwyane_CPI

1 Comment 1
MelroseV
QuickBooks Team

Linking to a foreign bank

I'm glad to walk you through the process of linking your bank to QuickBooks Online (QBO), @Dwyane_CPI.

 

When linking a foreign bank account to QuickBooks Online, you need to have the multicurrency feature even if your account is in USD.

 

To link a foreign bank to QuickBooks Online, you'll need to upgrade to QBO Essentials, Plus, or Advanced. Otherwise, you can manually upload your transactions using a CSV file.

 

Here's how:

 

  1. Go to Transactions and click Bank transactions.
  2. Select the blue tile for the account you want to upload the transactions into. Then, click the Link account drop-down list and select Upload from file.
  3. Choose Drag and drop or select files and select the file you downloaded from your bank. Then, click Continue.
  4. From the QuickBooks account drop-down menu, choose the account you want to upload the transactions and select Continue.
  5. Follow the onscreen steps to match the columns on the file with the correct fields in QuickBooks and click Continue.
  6. Choose the transactions you need to import, then select Continue.
  7. Click Yes and then Done to upload your banking data.

 

For additional reference, you can check out this article: How to manually upload transactions from your bank or credit card in QuickBooks Online.

 

Once your transactions are in, you can now categorize them. Then, reconcile your accounts to ensure they match your bank statements.

 

Should you have additional concerns regarding bank feed in QBO, please don't hesitate to post them here in the Community space.

Get answers fast!
Log in and ask our experts your toughest QuickBooks questions today.

Need a payroll process that works for you?

A business owner is notified that Auto Payroll is on schedule for her team.

Simplify payday and set payroll to run automatically in QuickBooks.

Explore QuickBooks Payroll

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up