Bank feeds and Open Banking

Live bank feeds are coming to Kontala. Once they launch you will be able to link a bank account through Open Banking and have new transactions arrive on their own, with no upload step.

They are not switched on yet. Until they are, each account's Bank feed card reads "No bank feed connected." - that is expected, and nothing is broken.

How transactions get in today

There are two ways to get your bank activity into your books right now:

• Statement imports. Export a CSV or OFX file from your online banking and upload it - Kontala auto-detects the columns and skips anything already imported. See Import a bank statement.
• Manual entry. Add individual transactions by hand, useful for cash or one-off corrections. See Add a transaction manually.

A routine that works until feeds arrive

Because re-importing the same rows is safe, a simple habit keeps your accounts accurate:

1. Once a week (or month), export a statement covering the period since your last import.
2. Upload it to the matching account in Kontala.
3. Explain the new lines - see Explain a transaction.

Overlapping exports do not create duplicates, so you do not need to be precise about the date range.

What connecting a bank will involve

When feeds launch, connecting an account will work the way Open Banking does everywhere:

• You choose your bank and approve the connection on your bank's own site, so Kontala never sees your banking credentials.
• The connection is read-only. It can read transactions and balances; it cannot move money.
• You can withdraw your consent whenever you like.

The connection is provided through Yapily Connect Ltd, which is authorised and regulated by the Financial Conduct Authority. Axion London Limited, trading as Kontala, is an appointed representative of Yapily Connect. See Bank connections and data feeds in our terms, and Open Banking and bank account data in our privacy notice.

Nothing you do now is wasted

The transactions you import and explain today are your records, and they stay exactly as they are. Setting up a feed later adds a new way for transactions to arrive; it does not undo the bookkeeping you have already done.

We will let you know when feeds are live. If you have a question about your own bank in the meantime, email support@kontala.com.