NetCash Connecting a New Bank Account Introduction

Overview 

Let's start with some terminology. 

Bank Connector refers to the API connection you are using to connect to your bank accounts. We partner with multiple companies to provide as much coverage as possible. Examples include Finicity (MasterCard Open Banking) and Plaid for the US and Canada or Skript for Australia/New Zealand. Once you connect using one of our provided bank connection partners, you really won't ever have to worry about this again.

Bank Institution refers to the name of a bank (Chase, Wells Fargo, SVB, etc.) where you would have an account. This is distinguished from a bank account, which you can have several of at a bank institution. The bank institution record is what holds all of your bank accounts associated with the institution together. It will be automatically created when you log into your bank through our bank connect page, though it can be manually created if needed.

Bank Account refers to your actual account with an institution (checking account ending in 1234, savings account ending in 9876, etc.). You won't need to log into each account when you set these up; you'll log into your institution and select which accounts you want to be included in your bank feed. The accounts will be automatically created and attached to the institution that was simultaneously created, but there will be some additional setup to get your accounts ready to use with the bank reconciliation module. You may create these manually as well, if needed.

The following articles on automatic and manual bank feed connections will detail exactly what you need to do to use our bank connections to create all of the bank institutions and bank accounts you are planning on reconciling, and what configuration you need to do after they are set up.