Forum Discussion

Louise678's avatar
Louise678
Experienced Cover User
14 days ago

Bank Feeds for Credit Cards

We have had bank feeds for our Business Credit Card for years from the CBA. We are trying to add another Credit Card to our bank feeds. It is a personal credit card and we have been told from MYOB Ba...
  • Earl_HD's avatar
    Earl_HD
    11 days ago

    Hi Louise678,

    Yes, you can get bank feeds for AMEX credit cards, but there are specific conditions and limitations. Only AMEX cards issued directly by AMEX can be set up for bank feeds. Co-branded cards or those issued by other financial institutions may not be supported.

     

    There have been ongoing issues with setting up bank feeds for AMEX credit cards, and some users have reported difficulties. For example, some users have encountered errors when trying to authorize the bank feed through the AMEX online portal. If you experience such issues, it is recommended to contact AMEX support directly for assistance.

     

    Regarding your experience with the Ultimate CBA credit card, it is important to verify with the issuing bank whether the specific card type supports bank feeds before applying. This can save time and ensure that the card you choose will meet your needs.

    Regards,
    Earl

Earl_HD's avatar
Earl_HD
MYOB Moderator

Hi Louise678,

The Commonwealth Bank of Australia (CBA) no longer supports bank feeds for personal credit cards. However, they do still support bank feeds for business credit cards. Therefore, if you change your current business credit card, which has bank feeds, to a new business credit card, you should still be able to get bank feeds on the new card. Please see this help page for more information. Connecting bank accounts to MYOB

Regards,
Earl

Louise678's avatar
Louise678
Experienced Cover User
12 days ago

Thanks Earl, Is it correct that an AMEX credit card can get bankfeeds to MYOB? 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    12 days ago

    Hi Louise678,

     

    That's right, you can add AMEX credit card bank feeds to your MYOB subscriptions. You can read more about it in this link.

     

    Regards,
    Genreve

    • Louise678's avatar
      Louise678
      Experienced Cover User
      12 days ago

      Are you positive that if we get an AMEX credit card we will be able to get bank feeds for it  ? I see a few posts that say they have not been able to do this. Is there a particular AMEX credit card that we need to get bank feeds:? It is just that we have spent alot of time getting an Ultimate CBA credit card not knowing that you can't get bank feeds for it. We need a card that can definitely give us bank feeds. Please help us here !!!

      • Earl_HD's avatar
        Earl_HD
        MYOB Moderator
        11 days ago

        Hi Louise678,

        Yes, you can get bank feeds for AMEX credit cards, but there are specific conditions and limitations. Only AMEX cards issued directly by AMEX can be set up for bank feeds. Co-branded cards or those issued by other financial institutions may not be supported.

         

        There have been ongoing issues with setting up bank feeds for AMEX credit cards, and some users have reported difficulties. For example, some users have encountered errors when trying to authorize the bank feed through the AMEX online portal. If you experience such issues, it is recommended to contact AMEX support directly for assistance.

         

        Regarding your experience with the Ultimate CBA credit card, it is important to verify with the issuing bank whether the specific card type supports bank feeds before applying. This can save time and ensure that the card you choose will meet your needs.

        Regards,
        Earl

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