Supercharge your success: Plaid joins forces with Xero for enhanced US bank feeds

We’re always focused on making your financial management simpler, more secure, and more powerful with Xero. So we’re excited to share news of our collaboration in the US with Plaid, a leading fintech company. This effort significantly improves how your business bank accounts connect with Xero.

Our goal is to help you save valuable time and gain a clearer view of your money. The collaboration with Plaid is a major step forward in delivering on that objective.

Why this matters for you

This partnership offers several key benefits for your business or practice:

• More high-quality connections. You’ll soon be able to choose from among triple the number of high-quality bank feeds, with over a thousand new direct connections becoming available. This means more reliable links to a wide range of financial institutions, including many smaller banks and credit unions across the US. 

• Enhanced data accuracy and insights. In the US, Plaid will power a substantial portion of the Xero bank feeds that businesses use over the next 12 months. More dependable connections to your financial data ensures greater accuracy and data quality, and having reliable data is crucial for confident decision-making and understanding your cash flow.

• Stronger security. A key focus for us is transitioning to more secure and reliable direct  bank feeds using OAuth, the industry standard for access authorization.  OAuth connections use secure tokens built directly with bank systems, offering a major step up from older methods. Xero will proactively migrate existing feeds to enhanced OAuth equivalents where available, ensuring a more stable, secure and better protected flow of your financial data. 

• Giving you back time. Making financial management smoother, more precise, and more successful will save valuable time for small business owners, accountants and bookkeepers. Imagine what you can do with that extra time: focus on growth, serve clients, or simply enjoy more personal time.

A smooth transition is our priority

The new Plaid-powered bank feed options become available from late 2025. They will roll out in phases to ensure a smooth experience for everyone. The roll-out includes introducing new feeds and transitioning some existing connections to the improved service.

To make the transition easy for you, when it’s time for your connections to be updated, you’ll receive clear, proactive instructions to guide you through the process.

Looking ahead

This collaboration with Plaid is a transformative leap in managing your finances within Xero. It underscores our unwavering commitment to equipping you with the most powerful and intuitive tools available. We’re dedicated to ensuring your small business or accounting practice not only thrives but excels in an ever-evolving financial landscape.