Skip to main content

Connecting Your Bank

This guide explains how to connect your bank accounts to Fiskl and helps you select the best connection method for your region and banking provider.

Why Connect Your Bank?​

Connecting your bank is the most critical step for accountants and business owners using Fiskl. Automated banking connections transform your financial management by eliminating manual data entry and ensuring accuracy.

Key benefits:

  • Transactions import automatically every day
  • Real-time visibility into your cash position
  • Automated categorization saves hours of bookkeeping
  • Multi-currency transactions handled seamlessly
  • Secure connections using Open Banking protocols

Once connected, Fiskl handles the tedious work while you focus on running your business.

Select Your Connection Method​

Fiskl offers three ways to connect your financial data. Select the method that best fits your needs and comfort level.

Automated connections sync transactions directly from your bank to Fiskl using secure Open Banking protocols.

Best for:

  • Daily transaction imports
  • Multiple bank accounts
  • International businesses with accounts in different countries
  • Users who want zero-touch bookkeeping

Available providers:

  • Salt Edge - Europe, Asia, Middle East banks
  • Yodlee - USA, Canada, South Africa banks
  • Wio Bank - Direct UAE banking integration

Option 2: Stripe Integration​

Connect your Stripe account to automatically import payment transactions, payouts, and fees.

Best for:

  • Businesses accepting online payments
  • E-commerce platforms
  • SaaS companies
  • Freelancers using Stripe for invoicing

Stripe is treated as a banking feed in Fiskl and syncs automatically once connected.

Option 3: Manual Bank Imports​

Upload bank statements manually in CSV, OFX, QIF, or QBO formats.

Best for:

  • Banks not supported by automated providers
  • One-time historical data imports
  • Users who prefer manual control
  • Quarterly reconciliation workflows

Step-by-Step: Connect Your Bank​

Find the Right Provider for Your Region​

Select the provider that covers your bank's location:

Middle East (UAE, Saudi Arabia, etc.):

  • Wio Bank - Direct integration for Wio business accounts
  • Salt Edge - Most traditional banks in the region

North America (USA, Canada):

  • Yodlee - Comprehensive coverage of US and Canadian banks
  • Stripe - If you process payments through Stripe

Europe:

  • Salt Edge - Open Banking connections for most European banks
  • Stripe - Payment processing integration

Asia and Other Regions:

  • Salt Edge - Growing coverage across Asia, Africa, and Latin America
  • Check the provider selection screen for your specific bank

Global Payment Processing:

  • Stripe - Works worldwide for payment data

Connect Using Automated Banking​

  1. Go to Banking in the left navigation
  2. Select Connect Bank
  3. Select your provider (Salt Edge, Yodlee, or Wio Bank)
  4. Search for your bank by name
  5. Select your bank from the results
  6. Follow the secure authentication process on your bank's website
  7. Select which accounts to connect
  8. Set your sync start date (we recommend 90 days of history)

Your transactions begin syncing immediately. Initial sync takes a few minutes depending on transaction volume.

tip

If you operate in multiple regions, connect accounts from different providers in the same Fiskl company. For example, use Yodlee for US accounts and Salt Edge for UK accounts.

Detailed provider guides:

Connect Stripe​

Stripe integration automatically imports payment data, fees, and payouts.

  1. Go to Integrations > Payments
  2. Select Stripe
  3. Select Connect Stripe Account
  4. Authorize Fiskl to access your Stripe data
  5. Select which Stripe accounts to sync (if you have multiple)

Stripe data syncs daily and appears in your Banking tab alongside bank transactions.

Learn more: Connect Stripe

Manual Bank Statement Import​

Upload bank statements when automated connections aren't available.

  1. Download your bank statement in CSV, OFX, QIF, or QBO format from your bank
  2. Go to Banking in Fiskl
  3. Select Import Transactions
  4. Select your file format
  5. Upload your statement file
  6. Map columns (for CSV files) to match Fiskl's format
  7. Review and confirm the import

Imported transactions appear in your Banking tab for categorization and reconciliation.

warning

Manual imports require downloading statements regularly to keep your books current. Automated connections eliminate this manual step and provide daily updates.

What Happens After Connecting?​

Once your bank is connected, transactions flow into Fiskl automatically:

  1. Daily Sync: New transactions appear in your Banking tab each day
  2. Automatic Matching: Fiskl suggests matches to existing invoices and expenses
  3. Smart Categorization: The system learns your preferences and suggests ledger accounts
  4. Ready for Reconciliation: Review and confirm transactions to update your books

Your Chart of Accounts and financial reports update in real time as you categorize transactions.

Managing Your Connections​

View Connected Accounts​

Go to Banking to see all connected accounts. Each account card displays:

  • The bank's balance, with a Difference to bank line when your ledger balance differs from it. The line shows the gap, and its tooltip shows both figures
  • The ledger account the feed writes to, with its account number
  • Last sync time
  • Connection status and any consent warnings
  • Transactions the last sync skipped because another account already holds them

Each bank account writes into exactly one ledger account. In Accounting > Chart of Accounts, that ledger account shows a bank badge, and a tick badge once it has reconciled periods, so you can always tell a connected account from a copy.

Reconnect Accounts​

Banking connections occasionally require reauthorization for security. If a connection expires:

  1. Go to Banking
  2. Find the account card showing a connection or consent warning
  3. Select Reconnect
  4. Complete the authentication process

If you connect the bank again from scratch instead, the provider issues new identifiers and Fiskl asks which existing ledger account each bank account should keep writing to. Choose the account that holds your history so your reconciliations stay in one place. See Reconnecting a Bank and Fixing Duplicate Accounts.

Change the Linked Ledger Account​

If a feed is writing into the wrong ledger account, for example a new copy created by a reconnect, select Change linked account on its card in Banking. Fiskl shows what will move, what will be removed as a duplicate, and where the feed continues from, before you confirm.

Disconnect Accounts​

To remove a banking connection:

  1. Go to Banking
  2. Select the disconnect icon on the connection header
  3. Confirm the action

Historical transactions remain in Fiskl. Only future syncing stops. Archiving the ledger account in the Chart of Accounts also stops its feed.

Disconnecting does not fix a duplicate account. If a reconnect left you with two ledger accounts for the same bank account, disconnecting one of them leaves both accounts in place, and connecting again can create a third. Use Change linked account or a whole-account move instead, as described in Reconnecting a Bank and Fixing Duplicate Accounts.

Troubleshooting Common Issues​

Bank Not Found in Provider List​

If your bank doesn't appear in the search results:

  1. Try searching with alternate names or abbreviations
  2. Select a different provider (Salt Edge vs. Yodlee)
  3. Use manual import as an alternative
  4. Contact support to request adding your bank

Connection Fails During Authentication​

Common causes and solutions:

  • Incorrect credentials: Verify your bank username and password
  • Two-factor authentication: Complete any security challenges from your bank
  • Bank maintenance: Try again in a few hours
  • Unsupported account type: Some business account types require manual setup

Transactions Not Syncing​

If transactions stop appearing:

  1. Check connection status in Banking
  2. Select Reconnect if status shows an error
  3. Verify your bank account is active and not locked
  4. Check the card for a note that transactions were skipped because another account already holds them

The Same Account Appears Twice​

A reconnect created a second ledger account for the same bank account: the original holds your history and reconciliations, the copy receives the live feed. Do not disconnect either connection, and do not connect the bank again. Instead, choose one of two repairs:

  • To keep the original, select Change linked account on the banking card of the copy and pick the original. Fiskl moves the feed, removes rows the original already holds, and archives the copy.
  • To keep the copy, open the original in Accounting > Transactions, select all transactions and move them into the copy. The move carries the reconciliations and archives the original.

Reconnecting a Bank and Fixing Duplicate Accounts explains how to choose between them and what to do afterwards.

Security and Privacy​

Fiskl uses industry-standard Open Banking protocols for all automated connections.

Key security features:

  • Fiskl never stores your bank login credentials
  • Read-only access (Fiskl cannot initiate transfers)
  • Bank-grade encryption for all data transmission
  • Connections use OAuth tokens that can be revoked anytime
  • Regular security audits and compliance checks

Your bank credentials remain private and secure at all times.

Next Steps​

After connecting your bank accounts:

  1. Review imported transactions in the Banking tab
  2. Categorize transactions by assigning them to ledger accounts
  3. Match transactions to existing invoices and expenses
  4. Reconcile accounts to ensure accuracy
  5. Generate reports to see your updated financial position
tip

Set aside 15-30 minutes weekly to review and categorize new transactions. This routine keeps your books current and makes month-end closing effortless.

Need More Help?​

Explore detailed provider guides: Banking Connections Overview

Learn about reconciliation: Reconciliation Overview

Import historical data: Importing Data

Contact support: Get Support