Irish bank feeds

Definition

An Irish bank feed is a direct, automated connection between an Irish business bank account and accounting software, refreshing transaction data daily without CSV uploads or manual entry. Feeds are technically delivered via two routes. The older route uses aggregators like Yodlee or Plaid to log in on the customer's behalf and scrape transactions, which is fragile and being phased out. The newer route uses the regulated PSD2 Open Banking APIs operated by each Irish bank. Open Banking, mandated under the EU's revised Payment Services Directive, requires the customer to authenticate via the bank's app every 90 days under Strong Customer Authentication (SCA) rules and is the more reliable route. The four main account providers covering Irish business banking, AIB, Bank of Ireland, Permanent TSB and Revolut Business, all expose PSD2 endpoints that mainstream accounting tools consume. Smaller providers such as N26 Business and Wise Business vary in coverage; some require manual statement imports or third-party connectors.

Why it matters for software choice

A working Irish bank feed is the single biggest determinant of bookkeeping speed and accuracy. Accounting software that lists generic bank feed support without naming the specific Irish bank is a red flag. Verify your exact bank is supported before signing up, and check whether the connection runs over PSD2 or screen-scraping, since the latter is being phased out and outages will become more frequent.

Authority sources

• Central Bank of Ireland: Open Banking and PSD2 (www.centralbank.ie)
• Banking & Payments Federation Ireland (BPFI) (bpfi.ie)

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