Connect a bank account via PSD2/XS2A
This page describes how to connect a bank account via PSD2/XS2A in 365 business Banking: sign-in on your bank's web form, account selection and first retrieval.
Applies to: PSD2/XS2A via finAPI (SEPA Bank Account)
Prerequisites
- The company bank access is connected, see Banking setup. If it is missing, the wizard automatically takes you there.
- Your online banking credentials and your TAN device are at hand.
- Your bank can be reached via finAPI, see Supported banks.
Allow pop-ups
Signing in to your bank opens in a separate window. Allow pop-ups in your browser for your Business Central address (for example https://businesscentral.dynamics.com). If no window opens, use the link Click here to open the webform in your browser.
Step by step
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Choose the Search icon, enter Bank Accounts and choose the related link. In the list, choose the Connect Bank Accounts action. The Connect Bank Account wizard opens.
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Choose Next.
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Choose your banking provider: set Provider to SEPA Bank Account and choose Next.
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Connect your bank accounts: the web form opens.
- Choose your bank by bank name, BIC or IBAN.
- Sign in with your online banking credentials.
- Confirm access, usually with a TAN.
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Select your bank accounts: Business Central lists all accounts that your bank has released, with IBAN, Bank Account No., Currency and Account Holder. In the Connect column, select the accounts that you want to take over.
If there is no account that can be connected, the wizard shows We're sorry! with the reason instead of an empty list, for example "Your bank named no accounts for this connection, so there is nothing to connect here. …". In this case, ask your bank whether the access is released for the accounts you expect, and start the wizard again.
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Choose Next. The Congratulations! page announces how many accounts are connected: "When you choose Finish, … bank accounts are connected."
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Choose Finish. Business Central creates the bank accounts or connects existing ones.
Accounts not selected are removed
Bank accounts that you do not select in step 5 are removed from finAPI again, and the release is revoked. If an account is to be kept in Business Central later after all, run the wizard again.
Your credentials remain with your bank
You enter them only in the web form; Business Central does not store them.
What is taken over
When connecting, Business Central takes over the following details from your bank:
- the account's Name, IBAN, SWIFT Code (BIC), Currency Code and Bank Account No.,
- Account Holder and Account Type (for example current account, savings, credit card),
- the bank's logo as the picture of the bank account, if the bank account does not have a picture yet.
If a bank account with the same IBAN already exists in Business Central, it is connected and updated instead of creating a second one.
From when transactions are retrieved
If you have kept a bank account in Business Central for some time, first complete the bank account reconciliation, or enter the Last Statement Date on the bank account card. The first date entered determines from when transactions are retrieved. See Bank account card.
What you see afterwards
On the Bank Account Card:
- Account Information Service = SEPA Bank Account, Payment Initiation Service = SEPA Bank Account.
- FastTab Banking Interfaces: Statements read over and Payments sent over each show XS2A; depending on the bank, FinTS or other routes are added. finAPI decides which route it uses for a single request.
- FactBox Capabilities: the functions that your bank allows for this account, for example SEPA Money Transfer, SEPA Collective Money Transfer, SEPA BASIC Direct Debit or SEPA Instant Money Transfer. The payment methods that the account offers depend on this. See Bank account capabilities.
Then retrieve the first transactions: Retrieve Bank Transactions in the list of payment reconciliation journals or in the payment reconciliation journal. See Retrieve bank transactions.
More accounts and updates
| Goal | Procedure |
|---|---|
| connect another account at the same or a different bank | run the wizard again; existing accounts are not created twice |
| update the details of connected accounts | choose Get Bank Accounts on an account of the bank connection, in the Bank Accounts list or on the bank account card |
| take over further accounts of the same bank connection, for example an account opened later | choose Get Additional Bank Accounts on an account of the bank connection, see Get bank accounts and get additional bank accounts |
| pay from the same account with your own online banking login | Use with my own bank login |
Troubleshooting
| Message or symptom | Cause and remedy |
|---|---|
| No web form opens | The browser blocks pop-ups. Allow pop-ups for Business Central. |
| SEPA Bank Account is not offered | The 365 business Banking license is missing. |
| Your bank cannot be found in the web form | The bank is not reachable via finAPI. Consider EBICS or the camt/pain file. |
| After some weeks, retrieval asks you to sign in again | The PSD2 consent has expired, see Renew consent. |